Openness at Current Prices for Macao
OPENCPMOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.01
Year-over-Year Change
14.39%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at Current Prices for Macao' trend measures the ratio of the sum of exports and imports to gross domestic product (GDP) for the Macao economy. This provides insight into the degree of trade openness and 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
This metric assesses the importance of international trade for Macao, a special administrative region of China. Openness at current prices is a key indicator used by economists and policymakers to evaluate a country or region's economic structure and exposure to external factors.
Methodology
The data is calculated by the International Monetary Fund based on official government statistics.
Historical Context
Openness is a useful gauge of an economy's reliance on foreign trade and vulnerability to external shocks.
Key Facts
- Macao's openness ratio exceeded 200% in 2021.
- Trade is a major driver of Macao's economy, which is heavily dependent on tourism and gambling.
- Macao's openness has increased significantly since the 1990s as the economy has become more globally integrated.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Macao' metric measures the ratio of total exports and imports to GDP, providing insight into the degree of trade openness and integration with the global economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding Macao's economic structure and vulnerability to external factors, as a highly open economy is more exposed to global trade flows and shocks.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on official government statistics for Macao.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use Macao's openness ratio to evaluate the economy's reliance on foreign trade, which informs decision-making on trade policies, exchange rate management, and measures to mitigate external risks.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Macao (OPENCPMOA156NUPN), retrieved from FRED.