Share of Merchandise Exports at Current Purchasing Power Parities for Central African Republic
CSHXCPCFA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.02
Year-over-Year Change
-66.97%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the share of merchandise exports for the Central African Republic, adjusted for differences in purchasing power across countries. It provides insight into the nation's international trade and competitiveness.
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 (PPP) represents the value of a country's goods exports relative to its overall economic output, adjusted for price level differences between countries. This metric offers a more nuanced view of a nation's trade position compared to nominal export figures.
Methodology
The data is calculated by the World Bank using exchange rates and price level information.
Historical Context
Policymakers and analysts use this trend to evaluate the Central African Republic's trade performance and integration within the global economy.
Key Facts
- The Central African Republic's merchandise exports accounted for 16.7% of its GDP in 2020.
- This metric has declined from over 20% in the early 2000s, indicating lower trade integration.
- The Central African Republic is a landlocked country that relies heavily on exports of raw materials like diamonds and timber.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the Central African Republic's total economic output that is attributable to merchandise exports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the Central African Republic's international trade performance and competitiveness, which are key factors in its economic development and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price level information to adjust the Central African Republic's merchandise exports for differences in purchasing power.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the Central African Republic's trade position and formulate policies to promote export-led growth and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be available. Additionally, the purchasing power adjustment may not fully capture all factors affecting the Central African Republic's trade competitiveness.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Central African Republic (CSHXCPCFA156NRUG), retrieved from FRED.