Share of Merchandise Exports at Current Purchasing Power Parities for Suriname
CSHXCPSRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
-37.95%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures Suriname's share of global merchandise exports adjusted for purchasing power parity. It provides insights into the country's 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 (PPP) is an important metric for evaluating a country's trade position and economic performance relative to other nations. It accounts for differences in domestic price levels to enable more accurate international comparisons.
Methodology
The data is calculated by the World Bank using a country's total merchandise exports and purchasing power parity conversion factors.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess Suriname's trade dynamics and international competitiveness.
Key Facts
- Suriname's share of global merchandise exports was 0.02% in 2020.
- The country's export share has remained relatively stable over the past decade.
- Merchandise exports account for approximately 50% of Suriname's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Suriname's share of total global merchandise exports, adjusted for differences in domestic price levels using purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Suriname's trade competitiveness and its role in the global economy, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a country's total merchandise exports and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Suriname's trade dynamics and international competitiveness, which can inform trade, industrial, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, and may not capture short-term fluctuations in Suriname's export performance.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Suriname (CSHXCPSRA156NRUG), retrieved from FRED.