Openness at Current Prices for Swaziland
OPENCPSZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.89
Year-over-Year Change
-24.45%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at Current Prices for Swaziland' metric measures the degree of international trade and integration in the Swazi economy, providing insight into its economic structure and global connectivity.
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 sum of exports and imports of goods and services, divided by the country's GDP, all measured at current prices. It serves as a key statistic for analyzing Swaziland's economic openness and engagement with the global marketplace.
Methodology
The data is calculated based on national accounts and trade statistics reported by the Swazi government.
Historical Context
Openness metrics help economists and policymakers assess a country's trade dependence, exposure to external shocks, and potential for growth through international commerce.
Key Facts
- Swaziland's openness ratio averaged around 130% from 2010-2020.
- Exports and imports make up a substantial portion of Swaziland's GDP.
- Higher openness can indicate greater economic diversification and growth opportunities.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Swaziland' metric measures the degree of international trade and integration in the Swazi economy.
Q: Why is this trend relevant for users or analysts?
A: Openness metrics help economists and policymakers assess a country's trade dependence, exposure to external shocks, and potential for growth through international commerce.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and trade statistics reported by the Swazi government.
Q: How is this trend used in economic policy?
A: Openness data is used by analysts and institutions to evaluate a country's trade dependence, susceptibility to external factors, and opportunities for growth through global integration.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and reporting practices of the Swazi government's statistical agencies.
Related Trends
Openness at Current Prices for Guyana
OPENCPGYA156NUPN
Openness at Current Prices for Haiti
OPENCPHTA156NUPN
Openness at Current Prices for Malawi
OPENCPMWA156NUPN
Openness at Current Prices for Spain
OPENCPESA156NUPN
Openness at constant prices for Marshall Islands
OPENRPMHA156NUPN
Openness at Current Prices for Oman
OPENCPOMA156NUPN
Citation
U.S. Federal Reserve, Openness at Current Prices for Swaziland (OPENCPSZA156NUPN), retrieved from FRED.