Share of Merchandise Imports at Current Purchasing Power Parities for Bahamas
CSHMCPBSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.64
Year-over-Year Change
-11.94%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Bahamas' measures the relative importance of imports in the Bahamian economy. It is a key indicator for understanding the country's trade dynamics and international 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
This economic trend represents the share of total merchandise imports in the Bahamas, adjusted for differences in purchasing power across countries. It provides insights into the Bahamas' reliance on foreign goods and services, which is relevant for trade policy analysis and macroeconomic assessments.
Methodology
The data is calculated by the World Bank using exchange rates and price levels across countries.
Historical Context
Policymakers and analysts use this metric to evaluate the Bahamas' trade position and integration with the global economy.
Key Facts
- The Bahamas' share of merchandise imports was 47.4% in 2020.
- Imports make up a significant portion of the Bahamian economy.
- The metric is used to assess the country's trade openness and reliance on foreign goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total merchandise imports in the Bahamian economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the Bahamas' trade dynamics and reliance on foreign goods, which is important for evaluating the country's economic competitiveness and 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 across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the Bahamas' trade position and inform decisions related to trade policy, macroeconomic management, and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Bahamas (CSHMCPBSA156NRUG), retrieved from FRED.