Openness at Current Prices for Angola
OPENCPAOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.91
Year-over-Year Change
-10.69%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at Current Prices for Angola' metric measures the relative size of a country's international trade, calculated as the sum of exports and imports divided by GDP. This is a key economic indicator for understanding a nation's engagement with 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
Openness, defined as the ratio of trade (exports plus imports) to GDP, is a widely used measure of a country's integration into the global economy. It reflects the importance of international commerce relative to domestic economic activity, providing insight into trade dependency, competitiveness, and susceptibility to external shocks.
Methodology
The data is calculated by the World Bank using official government sources and international trade statistics.
Historical Context
Policymakers and analysts monitor a country's openness to assess its exposure to international market forces and the potential impacts of trade policies.
Key Facts
- Angola's openness ratio averaged 72.3% from 2000 to 2020.
- Openness peaked at 94.1% in 2011 and reached a low of 56.2% in 2020.
- Angola's openness is higher than the global average, reflecting its reliance on commodity exports.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Angola' metric measures the relative size of Angola's international trade, calculated as the sum of exports and imports divided by its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's integration into the global economy, providing insights into trade dependency, competitiveness, and susceptibility to external shocks. Monitoring Angola's openness helps policymakers and analysts assess the nation's exposure to international market forces.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government sources and international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor a country's openness to understand its exposure to international market forces and the potential impacts of trade policies.
Q: Are there update delays or limitations?
A: The openness data is published annually by the World Bank, so there may be a delay in the most recent data availability.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Angola (OPENCPAOA156NUPN), retrieved from FRED.