Openness at Current Prices for El Salvador
OPENCPSVA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.81
Year-over-Year Change
12.84%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for El Salvador' measures the ratio of exports plus imports to gross domestic product (GDP) in El Salvador. This metric provides insight into the degree of integration of the Salvadoran economy with global trade.
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 ratio is a key indicator of a country's economic integration and exposure to international trade. A higher ratio suggests a more open, trade-dependent economy, while a lower ratio indicates a more closed, domestically focused economy.
Methodology
The data is calculated by the World Bank using official national accounts and balance of payments statistics.
Historical Context
Policymakers and economists use this metric to assess the degree of trade liberalization and globalization in the Salvadoran economy.
Key Facts
- El Salvador's openness ratio has averaged around 80% over the past decade.
- The openness ratio increased significantly after El Salvador's trade liberalization reforms in the 1990s.
- Trade is an important driver of economic growth in El Salvador.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for El Salvador' measures the ratio of exports plus imports to the country's gross domestic product (GDP), providing insight into the degree of economic integration and trade dependency.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of a country's economic openness and exposure to international trade, which is crucial for understanding its economic structure, growth drivers, and vulnerability to global economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the openness ratio to assess the degree of trade liberalization and globalization in the Salvadoran economy, which informs decisions on trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of 1-2 years, 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 El Salvador (OPENCPSVA156NUPN), retrieved from FRED.