Share of Merchandise Exports at Current Purchasing Power Parities for Norway
CSHXCPNOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-22.94%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Merchandise Exports at Current Purchasing Power Parities for Norway measures Norway's global trade presence and competitiveness. It is a key indicator for understanding Norway's economic position and trade dynamics.
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 metric represents Norway's share of total global merchandise exports adjusted for differences in purchasing power across countries. It provides insights into Norway's trade performance and international market positioning relative to other major economies.
Methodology
The data is calculated by the World Bank using exchange rate and production data.
Historical Context
Policymakers and analysts use this trend to assess Norway's trade policy and the overall health of its export-driven economy.
Key Facts
- Norway is one of the world's largest exporters of seafood and energy products.
- Exports account for over 40% of Norway's GDP.
- Norway has consistently ranked among the top 30 largest exporters globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures Norway's share of total global 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 Norway's trade performance and international market positioning, which is crucial for understanding its export-driven economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rate and production data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Norway's trade policy and the overall health of its export-driven economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in Norway's trade dynamics.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Norway (CSHXCPNOA156NRUG), retrieved from FRED.