Share of Merchandise Imports at Current Purchasing Power Parities for Russian Federation
CSHMCPRUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.09
Year-over-Year Change
-23.20%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Russian Federation' measures Russia's imports as a percentage of total global merchandise imports, adjusting for differences in purchasing power across countries.
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 provides insight into Russia's trade dynamics and role in the global economy. It is used by analysts and policymakers to assess Russia's economic integration and competitiveness compared to other major trading nations.
Methodology
The data is calculated by the World Bank based on national accounts and purchasing power parity estimates.
Historical Context
This metric informs discussions around trade policy, exchange rates, and geopolitical developments affecting Russia's economic relationships.
Key Facts
- Russia accounts for approximately 2% of global merchandise imports.
- Russia's import share peaked at over 2.4% in 2012 before declining.
- Import shares are influenced by economic growth, exchange rates, and trade policies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Russia's share of total global merchandise imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Russia's trade dynamics, economic integration, and competitiveness compared to other major trading nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: This metric informs discussions around trade policy, exchange rates, and geopolitical developments affecting Russia's economic relationships.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent changes in Russia's trade position.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Russian Federation (CSHMCPRUA156NRUG), retrieved from FRED.