Share of Merchandise Exports at Current Purchasing Power Parities for Philippines
CSHXCPPHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-39.86%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of total merchandise exports for the Philippines at current purchasing power parities. It provides insights into the country's trade dynamics and competitiveness in global markets.
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
The share of merchandise exports at current purchasing power parities is an important indicator of a country's international trade performance. It reflects the relative value of a country's exports compared to other nations, adjusting for differences in price levels across economies.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
Policymakers and analysts use this trend to evaluate the Philippines' export competitiveness and trade position within the global economy.
Key Facts
- The Philippines' share of merchandise exports was 0.31% in 2021.
- Exports account for over 30% of the Philippines' GDP.
- China is the Philippines' largest export destination, receiving 16% of its exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total merchandise exports for the Philippines, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the Philippines' export competitiveness and trade position within the global economy, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the Philippines' export performance and competitiveness, which can inform trade, industrial, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Philippines (CSHXCPPHA156NRUG), retrieved from FRED.