Share of Merchandise Exports at Current Purchasing Power Parities for Kuwait
CSHXCPKWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-14.08%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Merchandise Exports at Current Purchasing Power Parities for Kuwait measures the proportion of Kuwait's total exports that are merchandise exports. This indicator provides insight into the structure and competitiveness of Kuwait's export sector.
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 represents the ratio of Kuwait's merchandise exports to its total exports, adjusted for differences in purchasing power across countries. It offers a standardized view of Kuwait's export composition and trade dynamics compared to other nations.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments data.
Historical Context
Policymakers and analysts use this metric to assess Kuwait's trade patterns and economic diversification efforts.
Key Facts
- Kuwait's merchandise exports accounted for 75% of its total exports in 2020.
- The share of merchandise exports has declined from over 90% in the 1990s.
- Kuwait aims to diversify its economy beyond oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Kuwait's total exports that are merchandise exports, providing insight into the structure and competitiveness of its export sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for assessing Kuwait's trade patterns, economic diversification, and export competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Kuwait's trade dynamics and the success of its efforts to diversify the economy beyond oil and gas exports.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent changes in Kuwait's export structure.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Kuwait (CSHXCPKWA156NRUG), retrieved from FRED.