Openness at Current Prices for Timor-Leste
OPENCPTLA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.50
Year-over-Year Change
32.90%
Date Range
1/1/2000 - 1/1/2010
Summary
The 'Openness at Current Prices for Timor-Leste' metric measures the degree of openness of Timor-Leste's economy, a key indicator 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 metric represents the ratio of the sum of exports and imports of goods and services to the country's GDP, providing insight into Timor-Leste's level of international trade and economic integration.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments data.
Historical Context
Openness is an important factor in assessing Timor-Leste's economic performance and development strategies.
Key Facts
- Timor-Leste is a developing Southeast Asian nation.
- Openness is a measure of an economy's integration with global markets.
- Timor-Leste's openness ratio can inform policy decisions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the degree of openness of Timor-Leste's economy, reflecting the importance of international trade to its GDP.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of an economy's integration with the global market, which is important for understanding Timor-Leste's economic development and performance.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and balance of payments data for Timor-Leste.
Q: How is this trend used in economic policy?
A: Policymakers in Timor-Leste and international institutions use this openness metric to assess the country's economic strategies and integration with the global economy.
Q: Are there update delays or limitations?
A: The openness data may have a delay of several months due to the time required for national accounts and balance of payments reporting.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Timor-Leste (OPENCPTLA156NUPN), retrieved from FRED.