Share of Merchandise Exports at Current Purchasing Power Parities for Saint Kitts and Nevis
CSHXCPKNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
1.03%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Saint Kitts and Nevis' share of global merchandise exports adjusted for purchasing power differences across countries. It provides insights into the nation's international trade position 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 for Saint Kitts and Nevis tracks the country's portion of worldwide merchandise exports, with adjustments made to account for differences in purchasing power across economies. This indicator offers valuable perspectives on Saint Kitts and Nevis' trade dynamics and role in the global marketplace.
Methodology
The data is calculated based on national accounts and trade statistics reported to international organizations.
Historical Context
Policymakers and analysts use this metric to evaluate Saint Kitts and Nevis' export performance and trade policies.
Key Facts
- Saint Kitts and Nevis' share of global merchandise exports was 0.0027% in 2020.
- The country's export share has remained relatively stable over the past decade.
- Tourism and agriculture are major contributors to Saint Kitts and Nevis' export economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures Saint Kitts and Nevis' share of total worldwide 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 Saint Kitts and Nevis' international trade position and competitiveness, which is important for policymakers and economists evaluating the country's economic performance and trade policies.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and trade statistics reported to international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Saint Kitts and Nevis' export performance and inform trade policies aimed at boosting the country's global competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the international organizations that collect and publish the underlying statistics.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Saint Kitts and Nevis (CSHXCPKNA156NRUG), retrieved from FRED.