Share of Merchandise Imports at Current Purchasing Power Parities for United States
CSHMCPUSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.17
Year-over-Year Change
-5.32%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for United States' measures the relative value of U.S. imports compared to other countries, adjusting for differences in price levels.
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 metric represents the U.S. share of global merchandise imports, calculated using purchasing power parity (PPP) exchange rates to account for international price variations. It provides insights into the U.S. trade position and competitiveness in the global marketplace.
Methodology
The data is collected and calculated by the World Bank based on national accounts and international price comparisons.
Historical Context
Policymakers and analysts use this trend to evaluate the U.S. trade balance and international competitiveness.
Key Facts
- The U.S. share of global merchandise imports was 10.4% in 2020.
- Imports are measured in current PPP terms to account for price level differences across countries.
- This metric has declined from a peak of 14.4% in 2000 as other economies have grown.
FAQs
Q: What does this economic trend measure?
A: This trend measures the U.S. share of global merchandise imports, adjusted for differences in purchasing power across countries using PPP exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the U.S. trade position and international competitiveness, which are important factors for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The World Bank collects national accounts data and calculates international price comparisons to determine the PPP-adjusted import shares.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the U.S. trade balance and competitiveness in the global marketplace, which can inform trade, economic, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic conditions or short-term fluctuations.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for United States (CSHMCPUSA156NRUG), retrieved from FRED.