Openness at Current Prices for Lesotho
OPENCPLSA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.73
Year-over-Year Change
-15.79%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at Current Prices for Lesotho' series measures the degree of integration between Lesotho's economy and the global economy. It is an important indicator for economists and policymakers assessing Lesotho'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
This metric represents the sum of Lesotho's imports and exports as a percentage of its gross domestic product. It provides insight into the openness and interconnectedness of Lesotho's economy with international markets.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Openness metrics help guide trade, investment, and economic policies in Lesotho and other developing economies.
Key Facts
- Lesotho's openness peaked at 173.8% in 2011.
- Openness has declined since 2011 but remains high at over 100% of GDP.
- Garments and textiles account for over 70% of Lesotho's exports.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Lesotho' series measures the sum of imports and exports as a percentage of Lesotho's gross domestic product, indicating the degree of trade integration with the global economy.
Q: Why is this trend relevant for users or analysts?
A: This openness metric provides insights into Lesotho's trade dynamics and economic dependence on international markets, which is crucial for policymakers, investors, and economists analyzing the country's growth potential and trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics for Lesotho.
Q: How is this trend used in economic policy?
A: Openness metrics help guide trade, investment, and economic policies in Lesotho and other developing economies, as they indicate the degree of integration with global markets and opportunities for further growth through international trade.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays of up to 2 years in the most recent observations.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Lesotho (OPENCPLSA156NUPN), retrieved from FRED.