Share of Merchandise Exports at Current Purchasing Power Parities for Bolivarian Republic of Venezuela
CSHXCPVEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Venezuela's share of global merchandise exports adjusted for purchasing power differences. It provides insights into the country's international trade position 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 for Venezuela represents the proportion of global merchandise exports originating from Venezuela. It accounts for differences in domestic purchasing power, offering a more nuanced view of Venezuela's trade dynamics.
Methodology
The data is calculated by the World Bank based on national accounts and trade statistics.
Historical Context
This metric is closely watched by policymakers and analysts to assess Venezuela's economic performance and trade integration.
Key Facts
- Venezuela's export share peaked at 0.57% in 1980.
- The metric has declined significantly since the early 2000s.
- Low export shares signal reduced economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures Venezuela's share of global merchandise exports, adjusted for differences in domestic purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Venezuela's international trade position and competitiveness, which are important factors for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess Venezuela's economic performance and trade integration.
Q: Are there update delays or limitations?
A: The data may have update delays and can be influenced by factors like exchange rate fluctuations and changes in trade policies.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Bolivarian Republic of Venezuela (CSHXCPVEA156NRUG), retrieved from FRED.