Openness at Current Prices for Comoros
OPENCPKMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.18
Year-over-Year Change
39.96%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at Current Prices for Comoros' metric measures the ratio of a country's total trade (imports plus exports) to its gross domestic product (GDP). This indicator provides insights into a country's integration 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 at current prices is a macroeconomic indicator that gauges the degree to which a country's economy is open to international trade. It is calculated as the sum of exports and imports divided by GDP, expressed as a percentage. This metric is widely used by economists and policymakers to assess a country's trade orientation and exposure to external economic forces.
Methodology
The data is collected by national statistical agencies and compiled by international organizations such as the World Bank.
Historical Context
Openness is a key factor in evaluating a country's economic policies, competitiveness, and vulnerability to external shocks.
Key Facts
- Comoros' openness ratio was 57.4% in 2020.
- Trade openness is associated with higher economic growth and productivity.
- Openness can also increase a country's vulnerability to external shocks.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Comoros' metric measures the ratio of Comoros' total trade (imports plus exports) to 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 with the global economy and can provide insights into its trade orientation, competitiveness, and vulnerability to external shocks.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and compiled by international organizations such as the World Bank.
Q: How is this trend used in economic policy?
A: Openness is a critical factor in evaluating a country's economic policies, competitiveness, and exposure to external economic forces, and is used by economists and policymakers to inform decision-making.
Q: Are there update delays or limitations?
A: The data may be subject to publication lags and potential revisions by the collecting agencies.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Comoros (OPENCPKMA156NUPN), retrieved from FRED.