Share of Merchandise Imports at Current Purchasing Power Parities for New Zealand
CSHMCPNZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.32
Year-over-Year Change
-15.78%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator tracks the share of New Zealand's merchandise imports as a percentage of GDP, adjusted for purchasing power parity. It provides insights into the country's 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
The share of merchandise imports at current purchasing power parities for New Zealand measures the value of the country's imported goods and services as a proportion of its overall economic output. This metric helps economists and policymakers analyze trade dynamics, assess international competitiveness, and monitor the balance of payments.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance of payments information.
Historical Context
This indicator is widely used to inform trade, monetary, and fiscal policies in New Zealand and globally.
Key Facts
- New Zealand's merchandise imports accounted for 27.3% of its GDP in 2021.
- Import share has increased from 23.4% in 2001 to 27.3% in 2021.
- New Zealand has a relatively open economy with a high import-to-GDP ratio.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of New Zealand's imported goods and services as a percentage of its gross domestic product, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into New Zealand's trade patterns, international competitiveness, and balance of payments, which are crucial for informing economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments information.
Q: How is this trend used in economic policy?
A: This indicator is widely used to inform trade, monetary, and fiscal policies in New Zealand and globally.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the most recent year's figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for New Zealand (CSHMCPNZA156NRUG), retrieved from FRED.