Merchandise imports from economies in the Arab World (% of total merchandise imports) for the Philippines

Indicator Definition:
Merchandise imports from economies in the Arab World are the sum of merchandise imports by the reporting economy from economies in the Arab World. Data are expressed as a percentage of total merchandise imports 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 imports from economies in the Arab World (% of total merchandise imports)" stands at 4.22 as of 12/31/2023, the highest value since 12/31/2019.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 4.65 percent compared to the value the year prior.
The 1 year change in percent is 4.65.
The 3 year change in percent is 123.27.
The 5 year change in percent is -13.73.
The 10 year change in percent is -50.19.

The Serie's long term average value is 7.93. It's latest available value, on 12/31/2023, is 46.85 percent lower, compared to it's long term average value.
The Serie's change in percent from it's minimum value, on 12/31/1960, to it's latest available value, on 12/31/2023, is +249.68%.
The Serie's change in percent from it's maximum value, on 12/31/1981, to it's latest available value, on 12/31/2023, is -79.74%.