Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) for the Philippines

Indicator Definition:
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

The indicator "Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)" stands at 1.82 as of 12/31/2023, the highest value at least since 12/31/1961, the period currently displayed.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 10.94 percent compared to the value the year prior.
The 1 year change in percent is 10.94.
The 3 year change in percent is 34.43.
The 5 year change in percent is 22.72.
The 10 year change in percent is 83.44.

The Serie's long term average value is 0.616. It's latest available value, on 12/31/2023, is 195.15 percent higher, compared to it's long term average value.
The Serie's change in percent from it's minimum value, on 12/31/1972, to it's latest available value, on 12/31/2023, is +19,220.29%.
The Serie's change in percent from it's maximum value, on 12/31/2023, to it's latest available value, on 12/31/2023, is 0.0%.