Openness at Current Prices for Seychelles
OPENCPSCA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227.93
Year-over-Year Change
54.93%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the openness of the Seychelles economy at current prices, providing insights into the degree of international trade and integration.
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
The openness at current prices indicator tracks the combined value of imports and exports as a percentage of gross domestic product (GDP) for the Seychelles, a measure of the economy's integration with global markets.
Methodology
The data is calculated by the International Monetary Fund (IMF) using official government statistics.
Historical Context
This metric is closely watched by policymakers and analysts to assess the Seychelles' economic performance and exposure to external factors.
Key Facts
- Seychelles has a high degree of economic openness.
- Openness at current prices peaked at 171.1% of GDP in 2013.
- Trade in goods and services is crucial for the Seychelles' small island economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the combined value of imports and exports as a percentage of Seychelles' gross domestic product, providing a measure of the economy's openness and integration with global markets.
Q: Why is this trend relevant for users or analysts?
A: The openness at current prices metric is an important indicator of a country's economic performance and exposure to external factors, making it closely watched by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) using official government statistics on imports, exports, and gross domestic product.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the Seychelles' economic integration, performance, and exposure to global trade, informing decisions on trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the IMF, but may be subject to revisions and delays due to the time required to collect and process the underlying government statistics.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Seychelles (OPENCPSCA156NUPN), retrieved from FRED.