Share of Merchandise Imports at Current Purchasing Power Parities for Croatia
CSHMCPHRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.47
Year-over-Year Change
-3.79%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Croatia' trend measures the relative value of Croatia's imports compared to other countries. This metric is important for analyzing trade patterns and the competitiveness of Croatia's economy.
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 indicator represents the share of Croatia's merchandise imports in the global total, adjusted for purchasing power differences across countries. It provides insights into Croatia's trade balance, competitiveness, and integration within the global economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and exchange rate information.
Historical Context
Policymakers and economists use this trend to evaluate Croatia's trade position and guide decisions on trade policy, exchange rates, and economic development.
Key Facts
- Croatia's share of global merchandise imports was 0.15% in 2021.
- This metric has declined from a peak of 0.17% in 2010.
- Imports make up around 50% of Croatia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative value of Croatia's merchandise imports compared to the global total, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Croatia's trade balance, economic competitiveness, and integration within the global economy, which are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Croatia's trade position and guide decisions on trade policy, exchange rates, and economic development.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with a 1-2 year delay. The metric may not capture all informal or unrecorded trade.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Croatia (CSHMCPHRA156NRUG), retrieved from FRED.