Share of Merchandise Exports at Current Purchasing Power Parities for Guinea-Bissau
CSHXCPGWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
83.20%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Merchandise Exports at Current Purchasing Power Parities for Guinea-Bissau measures the proportion of the country's total exports that are merchandise exports, adjusted for differences in purchasing power across countries.
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 indicator provides insights into the composition of Guinea-Bissau's exports and its level of integration into global trade. It is used by economists and policymakers to analyze the country's economic structure and competitiveness.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity data.
Historical Context
This metric is relevant for understanding Guinea-Bissau's trade dynamics and informing policies aimed at promoting economic diversification and export-led growth.
Key Facts
- Guinea-Bissau's merchandise exports accounted for 90% of its total exports in 2020.
- The country's merchandise exports-to-GDP ratio was 13.4% in 2020.
- Cashew nuts are Guinea-Bissau's primary merchandise export, comprising over 80% of total exports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Guinea-Bissau's total exports that are 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 the structure and competitiveness of Guinea-Bissau's export sector, which is crucial for understanding the country's economic development and integration into global trade.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity data.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to inform policies aimed at promoting economic diversification and export-led growth in Guinea-Bissau.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays 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 Guinea-Bissau (CSHXCPGWA156NRUG), retrieved from FRED.