Share of Merchandise Exports at Current Purchasing Power Parities for Canada
CSHXCPCAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-20.20%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Canada's share of global merchandise exports, adjusted for purchasing power differences across countries. It provides insights into Canada's trade competitiveness and economic standing within the global marketplace.
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) for Canada represents the country's portion of total global merchandise exports, weighted by national price levels. This metric is useful for evaluating Canada's trade performance and economic influence relative to other major exporting nations.
Methodology
The data is calculated by the OECD using national accounts and trade statistics.
Historical Context
Policymakers and analysts use this trend to assess Canada's export-driven economic development and trade policies.
Key Facts
- Canada accounted for 2.4% of global merchandise exports in 2021.
- Canada's export share has declined from a peak of 3.8% in 2000.
- The PPP adjustment accounts for price level differences across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Canada's share of total global merchandise exports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Canada's trade competitiveness and economic influence within the global marketplace.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Canada's export-driven economic development and trade policies.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Canada (CSHXCPCAA156NRUG), retrieved from FRED.