Share of Merchandise Imports at Current Purchasing Power Parities for Congo
CSHMCPCGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.43
Year-over-Year Change
-54.97%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the share of merchandise imports for the Democratic Republic of the Congo, adjusted for purchasing power parity. It provides insights 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 purchasing power parities represents the proportion of total imports in the Democratic Republic of the Congo's economy, adjusted to account for differences in price levels between countries. This metric is useful for economists and policymakers to analyze trade patterns and the country's position within the global marketplace.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
This indicator is relevant for understanding the Congo's trade policies, exchange rate management, and overall economic integration.
Key Facts
- The share of merchandise imports in the Congo was 24.5% in 2020.
- Imports account for a significant portion of the Congo's economy.
- Purchasing power parity adjustments are critical for cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of merchandise imports in the Democratic Republic of the Congo's economy, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the Congo's trade dynamics, international competitiveness, and economic integration, which are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding the Congo's trade policies, exchange rate management, and overall economic integration with the global marketplace.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and comparisons across countries should account for differences in data collection and reporting methods.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Congo (CSHMCPCGA156NRUG), retrieved from FRED.