Share of Merchandise Imports at Current Purchasing Power Parities for Turkey
CSHMCPTRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.15
Year-over-Year Change
-36.47%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Turkey' measures Turkey's share of global merchandise imports adjusted for purchasing power differences between countries. This metric provides insights into Turkey's trade dynamics and economic standing.
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 tracks Turkey's percentage of total global merchandise imports, factoring in purchasing power parity (PPP) to account for differences in price levels across countries. It offers perspectives on Turkey's trade competitiveness and integration within the global economy.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to adjust for PPP.
Historical Context
Policymakers and analysts use this metric to evaluate Turkey's trade performance and economic position relative to other nations.
Key Facts
- Turkey's share of global merchandise imports was 1.13% in 2020.
- This metric has declined from a peak of 1.36% in 2013.
- The data is reported annually by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Turkey's percentage 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 Turkey's trade competitiveness and integration within the global economy, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using exchange rates and price levels to adjust for purchasing power parity (PPP).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Turkey's trade performance and economic position relative to other nations.
Q: Are there update delays or limitations?
A: The data is reported annually by the World Bank, so there may be a delay in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Turkey (CSHMCPTRA156NRUG), retrieved from FRED.