Openness at Current Prices for Kazakhstan
OPENCPKZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.58
Year-over-Year Change
11.98%
Date Range
1/1/1993 - 1/1/2010
Summary
The 'Openness at Current Prices for Kazakhstan' metric measures the total value of imports and exports in Kazakhstan as a percentage of its gross domestic product (GDP). This indicator provides insight into Kazakhstan's economic integration and dependence on international trade.
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 measure captures the relative importance of international trade in Kazakhstan's economy. It is a key indicator used by economists and policymakers to assess a country's integration with global markets and exposure to external economic forces.
Methodology
The data is calculated by the OECD as the sum of imports and exports divided by GDP, all measured in current prices.
Historical Context
Openness metrics are widely tracked to inform trade, industrial, and monetary policies in resource-dependent and transition economies like Kazakhstan.
Key Facts
- Kazakhstan's openness ratio has averaged around 70% over the past decade.
- Trade liberalization has been a key economic reform focus in Kazakhstan since independence.
- Openness metrics are used to assess a country's vulnerability to global economic shocks.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Kazakhstan' metric measures the total value of imports and exports in Kazakhstan as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This openness measure provides insight into Kazakhstan's economic integration and dependence on international trade, which is critical for assessing the country's exposure to external economic forces.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD as the sum of imports and exports divided by GDP, all measured in current prices.
Q: How is this trend used in economic policy?
A: Openness metrics are widely tracked to inform trade, industrial, and monetary policies in resource-dependent and transition economies like Kazakhstan.
Q: Are there update delays or limitations?
A: The OECD data is published with a lag, so there may be delays in the most recent observations.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Kazakhstan (OPENCPKZA156NUPN), retrieved from FRED.