Openness at Current Prices for Peru
OPENCPPEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.35
Year-over-Year Change
48.30%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for Peru' indicator measures the degree of openness of the Peruvian economy, a key metric for economists and policymakers.
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 indicator represents the ratio of the sum of Peru's exports and imports of goods and services to its gross domestic product (GDP) at current prices. It provides insight into the economy's integration with global trade and the potential impact of external factors.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
Economists use this metric to assess Peru's trade policy, competitiveness, and exposure to international economic conditions.
Key Facts
- Peru's openness ratio has averaged around 50% over the past decade.
- Openness is a key factor in Peru's economic growth and development strategy.
- The indicator is published annually by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Peru' indicator measures the ratio of Peru's total exports and imports of goods and services to its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the degree of Peru's economic integration with global trade, which is a key factor for assessing the country's competitiveness, exposure to external shocks, and trade policy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data for Peru.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this openness indicator to evaluate Peru's trade policy, competitiveness, and vulnerability to international economic conditions.
Q: Are there update delays or limitations?
A: The openness indicator is published annually by the World Bank, so there may be a delay of up to a year in the most recent data.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Peru (OPENCPPEA156NUPN), retrieved from FRED.