Share of Merchandise Imports at Current Purchasing Power Parities for Luxembourg
CSHMCPLUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.63
Year-over-Year Change
-46.64%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Luxembourg' measures the portion of Luxembourg's total imports of goods that are valued at current purchasing power parity exchange rates. This metric provides insights into Luxembourg's international trade patterns 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
This economic indicator tracks the percentage of Luxembourg's total merchandise imports that are measured using purchasing power parity (PPP) exchange rates rather than market exchange rates. PPP adjusts for differences in price levels between countries, offering a more accurate representation of real trade flows.
Methodology
The data is collected and calculated by the World Bank based on national accounts and exchange rate information.
Historical Context
Policymakers and economists use this indicator to analyze Luxembourg's trade dynamics and international competitiveness.
Key Facts
- Luxembourg is a major importer, with imports accounting for over 150% of its GDP.
- PPP-adjusted import shares help control for currency fluctuations and price differences.
- The indicator provides insights into Luxembourg's trade patterns and international position.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of Luxembourg's total merchandise imports that are valued using purchasing power parity (PPP) exchange rates rather than market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted import share provides a more accurate picture of Luxembourg's trade flows and international competitiveness compared to using unadjusted market exchange rates.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze Luxembourg's trade dynamics and international competitiveness, which can inform decisions on trade, exchange rate, and economic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Luxembourg (CSHMCPLUA156NRUG), retrieved from FRED.