Share of Merchandise Imports at Current Purchasing Power Parities for Turkmenistan
CSHMCPTMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.05
Year-over-Year Change
-10.68%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Turkmenistan' measures the country's imports as a proportion of its total GDP, adjusted for differences in purchasing power across nations.
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 Turkmenistan's trade dynamics and the role of imports in its economy. It is used by economists and policymakers to analyze the country's international competitiveness and trade balance.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate information.
Historical Context
This metric informs analysis of Turkmenistan's economic policies, exchange rate management, and integration with global markets.
Key Facts
- Turkmenistan's imports were 39.2% of GDP in 2020.
- Imports have declined from a high of 48.3% of GDP in 2013.
- Turkmenistan relies heavily on natural gas exports to fund imports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Turkmenistan's merchandise imports as a percentage of its total GDP, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Turkmenistan's trade dynamics, international competitiveness, and reliance on imports, which are important factors for economists and policymakers to understand.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and exchange rate information.
Q: How is this trend used in economic policy?
A: This metric informs analysis of Turkmenistan's trade balance, exchange rate management, and integration with global markets, which are relevant for policymakers.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all informal or unrecorded trade activities.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Turkmenistan (CSHMCPTMA156NRUG), retrieved from FRED.