Share of Merchandise Imports at Current Purchasing Power Parities for Brunei Darussalam
CSHMCPBNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.34
Year-over-Year Change
94.82%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the share of merchandise imports in Brunei Darussalam's economy based on current purchasing power parity. It provides insight into the country's international trade 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 imports at current purchasing power parities for Brunei Darussalam represents the value of imported goods and services as a percentage of the country's total GDP adjusted for price differences across economies. This metric is used to assess Brunei's trade balance, competitiveness, and economic openness.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert imports into a common currency.
Historical Context
Policymakers and economists analyze this trend to understand Brunei's integration with the global economy and the potential impacts of trade policies.
Key Facts
- Brunei's merchandise imports were 34.4% of GDP in 2020.
- The trend has declined from a high of 47.4% in 2008.
- Petroleum products and machinery are major import categories for Brunei.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of merchandise imports, or imported goods and services, in Brunei Darussalam's total GDP adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Brunei's international trade, economic openness, and competitiveness. It is used by policymakers and economists to assess the country's integration with the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to convert imports into a common currency and express them as a percentage of GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand Brunei's trade balance, competitiveness, and the potential impacts of trade policies on the country's economic integration.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Brunei Darussalam (CSHMCPBNA156NRUG), retrieved from FRED.