Openness at Current Prices for Luxembourg
OPENCPLUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
298.79
Year-over-Year Change
25.25%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for Luxembourg' metric measures the degree of Luxembourg's international trade integration as a share of its total economic activity.
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 total value of imports and exports relative to Luxembourg's gross domestic product (GDP), providing insight into the country's economic openness and interdependence with global markets.
Methodology
The data is calculated by the OECD using official government trade and GDP statistics.
Historical Context
Economists and policymakers use this indicator to assess Luxembourg's economic competitiveness and exposure to international factors.
Key Facts
- Luxembourg has one of the highest trade-to-GDP ratios globally.
- Trade openness in Luxembourg exceeds 200% of GDP.
- Luxembourg's economy is highly dependent on imports and exports.
FAQs
Q: What does this economic trend measure?
A: This metric measures the degree of Luxembourg's international trade integration, representing the total value of its imports and exports relative to its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Luxembourg's economic openness and interdependence with global markets, which is crucial for assessing the country's economic competitiveness and exposure to international factors.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using official government trade and GDP statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to evaluate Luxembourg's economic competitiveness and the impact of international factors on its domestic economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, with some potential delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Luxembourg (OPENCPLUA156NUPN), retrieved from FRED.