Share of Merchandise Exports at Current Purchasing Power Parities for Saudi Arabia
CSHXCPSAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
-47.57%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Saudi Arabia's share of global merchandise exports adjusted for purchasing power differences across countries. It provides insights into the country's international trade competitiveness and role in the global economy.
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 (PPPs) is an indicator of a country's relative export performance. It compares the value of a country's exports to the total exports of all countries, adjusting for differences in domestic purchasing power across economies.
Methodology
The data is calculated by the World Bank using exchange rates and price level ratios to convert national export values to a common currency and purchasing power basis.
Historical Context
This metric is useful for policymakers and analysts to assess Saudi Arabia's export competitiveness and trade dynamics within the global marketplace.
Key Facts
- Saudi Arabia's share of global merchandise exports was 1.4% in 2020.
- The country's export share has declined from a peak of 2.4% in 2008.
- Crude oil and refined petroleum products account for the majority of Saudi exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures Saudi Arabia's share of total global merchandise exports, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Saudi Arabia's international trade competitiveness and its role in the global economy.
Q: How is this data collected or calculated?
A: The World Bank calculates this data using exchange rates and price level ratios to convert national export values to a common currency and purchasing power basis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Saudi Arabia's export competitiveness and trade dynamics within the global marketplace.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological changes of the World Bank.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Saudi Arabia (CSHXCPSAA156NRUG), retrieved from FRED.