Share of Merchandise Imports at Current Purchasing Power Parities for Syrian Arab Republic
CSHMCPSYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.08
Year-over-Year Change
47.94%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Syria's share of merchandise imports based on current purchasing power parity exchange rates. It provides insights into the country's global trade dynamics and purchasing power.
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 Syria represents the proportion of the country's total imports of goods compared to the rest of the world, adjusted for differences in price levels between countries.
Methodology
The data is calculated by the World Bank using exchange rates and price level measures.
Historical Context
This metric is used by economists and policymakers to analyze Syria's trade competitiveness and integration within the global economy.
Key Facts
- Syria's import share peaked at 0.13% in 1990.
- The metric has declined steadily since the early 2000s.
- Import shares are influenced by exchange rates and domestic price levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures Syria'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 Syria's trade competitiveness and integration within the global economy, which is valuable for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price level measures.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Syria's trade dynamics and global competitiveness, which informs economic and trade policies.
Q: Are there update delays or limitations?
A: The data may have update lags and can be affected by changes in exchange rates and price levels over time.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Syrian Arab Republic (CSHMCPSYA156NRUG), retrieved from FRED.