Share of Merchandise Exports at Current Purchasing Power Parities for Nigeria
CSHXCPNGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-39.18%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Exports at Current Purchasing Power Parities for Nigeria' measures Nigeria's exports as a percentage of global merchandise exports, adjusted for differences in purchasing power across countries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator provides insight into Nigeria's trade position and competitiveness in the global economy. It is used by policymakers and analysts to assess Nigeria's export performance and trade dynamics relative to other nations.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to adjust for purchasing power differences across countries.
Historical Context
Trends in this metric can inform trade and economic policies in Nigeria and globally.
Key Facts
- Nigeria is Africa's largest economy.
- Merchandise exports account for over 10% of Nigeria's GDP.
- China is Nigeria's largest export destination.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Nigeria's share of global merchandise exports, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Nigeria's trade competitiveness and export performance relative to other nations.
Q: How is this data collected or calculated?
A: The World Bank calculates this using exchange rates and price levels to adjust for purchasing power differences.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this to assess Nigeria's trade position and inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not fully capture informal or unrecorded trade activities.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Nigeria (CSHXCPNGA156NRUG), retrieved from FRED.