Openness at Current Prices for Netherlands
OPENCPNLA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.63
Year-over-Year Change
23.40%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for Netherlands' measures the degree of openness of the Dutch economy, a key economic indicator for policymakers and analysts.
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 imports and exports of goods and services as a percentage of Netherlands' gross domestic product (GDP). It provides insight into the level of international trade and integration within the Dutch economy.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
Openness is widely used to assess a country's trade orientation and reliance on foreign markets.
Key Facts
- Netherlands is one of the most open economies in the world.
- Openness has increased from around 50% of GDP in the 1960s to over 150% today.
- High openness makes the Dutch economy vulnerable to global economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Netherlands' measures the sum of imports and exports of goods and services as a percentage of the country's 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 reliance on international trade. It provides insight into an economy's trade orientation and vulnerability to external shocks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the openness metric to assess a country's trade orientation, monitor changes in global integration, and evaluate the potential impacts of trade policies or external economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical values as the OECD refines its calculations.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Netherlands (OPENCPNLA156NUPN), retrieved from FRED.