Share of Merchandise Exports at Current Purchasing Power Parities for Russian Federation
CSHXCPRUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-20.81%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures Russia's share of global merchandise exports adjusted for purchasing power differences. It provides insights into Russia's international trade position and competitiveness.
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 (PPPs) tracks Russia's percentage of total global merchandise exports, with adjustments made to account for differences in purchasing power across countries. This metric offers economists and policymakers a more nuanced view of Russia's trade dynamics and global economic influence.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to adjust nominal export values for cross-country purchasing power differences.
Historical Context
This trend is widely used by economists, trade analysts, and policymakers to evaluate Russia's trade performance and global economic standing.
Key Facts
- Russia accounts for approximately 2% of global merchandise exports.
- Russia's share of global exports has declined since the early 2000s.
- Adjusting for purchasing power differences is important for accurate trade comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures Russia's share of total global merchandise exports, with adjustments made to account for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Russia's international trade position and global economic competitiveness, which is useful for economists, policymakers, and trade analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to adjust nominal export values for cross-country purchasing power differences.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, trade analysts, and policymakers to evaluate Russia's trade performance and global economic standing, which can inform trade policies and negotiations.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the World Bank, and there may be lags in the availability of the most recent information.
Related Trends
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for United States
CSHRCPUSA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Senegal
CSHGCPSNA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Japan
CSHRCPJPA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Slovenia
CSHRCPSIA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Equatorial Guinea
CSHRCPGQA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Armenia
CSHICPAMA156NRUG
Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Russian Federation (CSHXCPRUA156NRUG), retrieved from FRED.