Share of Merchandise Imports at Current Purchasing Power Parities for Australia
CSHMCPAUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.24
Year-over-Year Change
-10.10%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Australia' measures the relative value of Australia's imports compared to other countries, adjusting for differences in purchasing power. This metric is important for economists and policymakers to assess Australia's trade competitiveness and integration in the global economy.
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 represents the share of Australia's total merchandise imports in relation to other countries, calculated using purchasing power parity (PPP) exchange rates. PPP adjusts for differences in price levels between countries, providing a more accurate comparison of trade flows.
Methodology
The data is calculated by the OECD using national accounts and trade statistics.
Historical Context
This metric is used by analysts to evaluate Australia's trade position and the competitiveness of its exports.
Key Facts
- Australia's import share was 1.4% in 2021.
- Import share has declined from a peak of 1.7% in 2011.
- Australia is the 19th largest importer globally by this metric.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the relative value of Australia's merchandise imports compared to other countries, adjusting for differences in purchasing power between nations.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Australia's trade competitiveness and integration in the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Analysts use this metric to assess Australia's trade position and the competitiveness of its exports.
Q: Are there update delays or limitations?
A: The data is updated annually with a slight delay, and may not fully capture intra-year changes in trade flows.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Australia (CSHMCPAUA156NRUG), retrieved from FRED.