Share of Merchandise Exports at Current Purchasing Power Parities for Ghana
CSHXCPGHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
173.17%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic trend measures Ghana's share of global merchandise exports adjusted for purchasing power differences across countries. It provides insights into Ghana's international trade competitiveness and economic integration.
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 for Ghana tracks the proportion of global merchandise exports originating from Ghana. This metric adjusts for differences in domestic price levels across countries, offering a more accurate representation of Ghana's export market share.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert national exports to a common currency basis.
Historical Context
This indicator is used by policymakers and analysts to assess Ghana's trade performance and economic standing relative to other nations.
Key Facts
- Ghana's share of global merchandise exports was 0.02% in 2020.
- This metric has increased from 0.01% in 1990, indicating Ghana's growing trade integration.
- The indicator adjusts for differences in domestic price levels across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures Ghana's share of global merchandise exports, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Ghana's international trade competitiveness and economic integration, which are important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to convert national exports to a common currency basis.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and analysts to assess Ghana's trade performance and economic standing relative to other nations.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Ghana (CSHXCPGHA156NRUG), retrieved from FRED.