Share of Merchandise Imports at Current Purchasing Power Parities for United Kingdom
CSHMCPGBA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.35
Year-over-Year Change
-19.20%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of merchandise imports for the United Kingdom adjusted for purchasing power parity. It provides insights into the UK's international trade competitiveness and cost of living.
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 the United Kingdom tracks the proportion of total imports relative to the country's overall economic activity, factoring in exchange rate adjustments. This metric is useful for analyzing the UK's trade balance and international purchasing power.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) using exchange rate and price index information.
Historical Context
This trend is valuable for policymakers, economists, and market analysts assessing the UK's economic performance and trade dynamics.
Key Facts
- The UK's share of merchandise imports was 31.3% in 2021.
- This metric has declined from a high of 36.5% in 2008.
- Imports account for a significant portion of the UK's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total merchandise imports for the United Kingdom, 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 UK's international trade competitiveness and the cost of living, which are important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using exchange rate and price index information.
Q: How is this trend used in economic policy?
A: This trend is valuable for assessing the UK's economic performance and trade dynamics, which can inform policymaking and market analysis.
Q: Are there update delays or limitations?
A: The data is published by the OECD on a regular basis, but there may be some delays in the most recent updates.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for United Kingdom (CSHMCPGBA156NRUG), retrieved from FRED.