Openness at Current Prices for Argentina
OPENCPARA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.11
Year-over-Year Change
71.76%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for Argentina' measures the sum of exports and imports as a percentage of Argentina's gross domestic product. It provides insight into the level of international trade integration in the Argentine 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
This economic indicator represents the degree of openness or trade intensity of the Argentine economy. It is calculated by adding the country's total exports and imports and dividing by its GDP at current market prices. A higher openness ratio indicates a greater reliance on foreign trade relative to domestic production.
Methodology
The data is calculated by the World Bank using official government sources.
Historical Context
The openness ratio is used by economists and policymakers to assess Argentina's economic integration and exposure to external shocks.
Key Facts
- Argentina's openness ratio was 20.7% in 2021.
- The ratio has fluctuated between 15-25% over the past decade.
- Trade openness is considered a key driver of long-term economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Argentina' indicator measures the sum of a country's exports and imports as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the degree of a country's economic integration with the global trading system, which is an important factor for economic growth, stability, and policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government sources on imports, exports, and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the openness ratio to assess a country's exposure to external economic shocks and to inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Argentina (OPENCPARA156NUPN), retrieved from FRED.