Share of Merchandise Imports at Current Purchasing Power Parities for Sierra Leone
CSHMCPSLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.22
Year-over-Year Change
47.31%
Date Range
1/1/1961 - 1/1/2019
Summary
This economic trend measures Sierra Leone's share of total global merchandise imports adjusted for differences in purchasing power across countries. It provides insights into the country's participation in international trade.
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 represents Sierra Leone's imports of goods and services relative to the global total, after accounting for differences in price levels across countries. This metric is used to analyze a country's trade dynamics and economic integration.
Methodology
The data is calculated by the World Bank using national accounts and international price data.
Historical Context
Policymakers and analysts use this indicator to assess Sierra Leone's trade competitiveness and economic interdependence.
Key Facts
- Sierra Leone's share of global merchandise imports was 0.00% in 2020.
- The indicator has declined from a high of 0.01% in 2010.
- Purchasing power parity adjustments are made to account for price level differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sierra Leone'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 indicator provides insights into Sierra Leone's participation and competitiveness in international trade, which is relevant for policymakers and economists analyzing the country's economic integration and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and international price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Sierra Leone's trade dynamics and economic interdependence, which informs policies related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data may have update delays due to the time required for data collection and analysis by the World Bank.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Sierra Leone (CSHMCPSLA156NRUG), retrieved from FRED.