Share of Merchandise Exports at Current Purchasing Power Parities for Australia
CSHXCPAUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
29.06%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Australia's share of global merchandise exports adjusted for purchasing power differences. It provides insights into the country's relative trade competitiveness and position in the global economy.
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 exports at current purchasing power parities (PPPs) tracks Australia's exports of goods as a percentage of global merchandise exports, with adjustments made to account for differences in price levels across countries. This metric offers a more accurate assessment of a country's trade position by normalizing for variations in domestic price inflation.
Methodology
The data is calculated by the OECD using exchange rates and price level indexes.
Historical Context
This trend is used by economists and policymakers to evaluate Australia's trade performance and competitiveness.
Key Facts
- Australia accounts for approximately 1.1% of global merchandise exports.
- Australia's share of global exports has remained relatively stable over the past decade.
- The PPP adjustment helps provide a more accurate picture of Australia's trade position.
FAQs
Q: What does this economic trend measure?
A: This trend measures Australia's share of global merchandise exports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into Australia's trade competitiveness and position in the global economy, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using exchange rates and price level indexes.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Australia's trade performance and competitiveness, which can inform trade and economic policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Australia (CSHXCPAUA156NRUG), retrieved from FRED.