Openness at Current Prices for Brazil
OPENCPBRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.30
Year-over-Year Change
46.86%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for Brazil' metric measures the degree of integration between Brazil's economy and the global economy. It is an important indicator for economists and policymakers to assess Brazil's trade and growth dynamics.
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 'Openness at Current Prices for Brazil' data series represents the sum of Brazil's exports and imports of goods and services, divided by Brazil's gross domestic product (GDP). This ratio provides insight into the overall openness and trade orientation of the Brazilian economy.
Methodology
The data is calculated by the U.S. Federal Reserve using official trade and GDP statistics reported by the Brazilian government.
Historical Context
Economists and policymakers monitor Brazil's openness metric to gauge the country's engagement with global markets and the potential impact of trade policies.
Key Facts
- Brazil's openness ratio reached a high of 28.3% in 2011.
- Openness declined during the 2015-2016 recession but has since recovered.
- Brazil's openness is lower than the global average, indicating a relatively closed economy.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Brazil' metric measures the size of Brazil's total exports and imports relative to its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This openness ratio provides insight into how integrated Brazil's economy is with the global economy, which is important for assessing trade dynamics, growth potential, and the impact of trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official trade and GDP statistics reported by the Brazilian government.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor Brazil's openness metric to gauge the country's engagement with global markets and the potential impact of trade policies on the Brazilian economy.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Federal Reserve with a slight delay, usually a few months after the end of the reference period.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Brazil (OPENCPBRA156NUPN), retrieved from FRED.