Share of Merchandise Imports at Current Purchasing Power Parities for Belize
CSHMCPBZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.02
Year-over-Year Change
62.73%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the share of merchandise imports in Belize's economy based on current purchasing power parity (PPP) exchange rates. It provides insight into the country's international trade dynamics 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 imports at current PPP is an indicator of a country's reliance on foreign goods and services. It can be used to assess Belize's trade balance, economic openness, and the purchasing power of its currency relative to trading partners.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate information.
Historical Context
Policymakers and analysts use this metric to evaluate Belize's trade and economic policies.
Key Facts
- Belize's share of imports at current PPP was 55.7% in 2021.
- The metric has declined from a high of 57.2% in 2018.
- Belize's import share is above the Latin America and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of merchandise imports in Belize's economy, adjusted for differences in purchasing power between Belize and its trading partners.
Q: Why is this trend relevant for users or analysts?
A: The share of imports at current PPP provides insight into Belize's trade balance, economic openness, and the competitiveness of its currency. It is a key indicator for evaluating the country's trade and economic policies.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Belize's international trade dynamics and the effectiveness of its economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions in Belize.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Belize (CSHMCPBZA156NRUG), retrieved from FRED.