Openness at Current Prices for Syria
OPENCPSYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.55
Year-over-Year Change
13.22%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at Current Prices for Syria' metric measures the degree of integration between Syria's economy and the global economy. It is an important indicator for economists and policymakers to understand Syria's participation in international trade and financial flows.
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 ratio of the sum of exports and imports of goods and services to Syria's gross domestic product (GDP) at current prices. It provides insight into the openness and interdependence of Syria's economy with the rest of the world.
Methodology
The data is calculated by the United Nations based on official national accounts statistics.
Historical Context
Policymakers and analysts use this openness metric to assess Syria's economic policies and integration within the global economy.
Key Facts
- Syria's openness ratio was 58.8% in 2020.
- Openness has declined from a peak of 79.2% in 2010.
- Trade and financial integration are important for economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Syria' metric measures the degree of integration between Syria's economy and the global economy, represented by the ratio of exports and imports to GDP.
Q: Why is this trend relevant for users or analysts?
A: This openness metric provides insight into Syria's participation in international trade and financial flows, which is crucial for understanding the country's economic policies and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations based on official national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness metric to assess Syria's economic policies and integration within the global economy, which can inform decisions on trade, investment, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts statistics, which may result in some update delays or limitations in data coverage.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Syria (OPENCPSYA156NUPN), retrieved from FRED.