Share of Merchandise Exports at Current Purchasing Power Parities for United Republic of Tanzania
CSHXCPTZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
5.25%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Tanzania's share of global merchandise exports adjusted for purchasing power differences. It provides insights into the country's international trade competitiveness and economic integration.
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) is an indicator of a country's participation in global trade. It represents Tanzania's portion of total worldwide merchandise exports, with adjustments made to account for differences in domestic price levels across countries.
Methodology
The data is calculated by the World Bank using exchange rates and price level ratios.
Historical Context
Policymakers and analysts use this metric to assess Tanzania's trade performance and international economic position.
Key Facts
- Tanzania's export share peaked at 0.06% in 2012.
- Exports account for about 15% of Tanzania's GDP.
- China is Tanzania's largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures Tanzania's share of global merchandise exports, adjusted for differences in domestic price levels across countries using purchasing power parities (PPPs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Tanzania's international trade competitiveness and economic integration. It is useful for policymakers and analysts assessing the country's trade performance and global economic position.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price level ratios to adjust for purchasing power differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Tanzania's trade performance and inform decisions related to international economic policy, trade agreements, and competitiveness strategies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures. The PPP adjustments also rely on estimates that can be subject to revisions.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for United Republic of Tanzania (CSHXCPTZA156NRUG), retrieved from FRED.