Share of Merchandise Exports at Current Purchasing Power Parities for Sierra Leone
CSHXCPSLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
15.30%
Date Range
1/1/1961 - 1/1/2019
Summary
This economic trend measures Sierra Leone's share of merchandise exports at current purchasing power parities. It provides insights into the country's international trade 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 is an indicator that reflects Sierra Leone's participation in global trade. It compares the country's export values across different goods and services, adjusted for price differences between nations.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
This trend is relevant for analyzing Sierra Leone's export-driven economic development and trade policy.
Key Facts
- Sierra Leone's share of merchandise exports was 0.0044 in 2020.
- This indicator has declined from a high of 0.0065 in 2007.
- Diversifying exports is a key economic priority for Sierra Leone.
FAQs
Q: What does this economic trend measure?
A: This trend measures Sierra Leone's share of total merchandise exports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Sierra Leone's international trade competitiveness and participation in the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing Sierra Leone's export-driven economic development and informing trade policy decisions.
Q: Are there update delays or limitations?
A: The data may have update lags due to the time required for data collection and analysis by the World Bank.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Sierra Leone (CSHXCPSLA156NRUG), retrieved from FRED.