Openness at Current Prices for Tunisia
OPENCPTNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.57
Year-over-Year Change
28.60%
Date Range
1/1/1961 - 1/1/2010
Summary
The 'Openness at Current Prices for Tunisia' metric measures the degree to which Tunisia's economy is integrated with global trade. It is an important indicator of a country's economic openness and integration with the world economy.
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 sum of exports and imports of goods and services as a percentage of Tunisia's gross domestic product. It provides insight into the relative importance of international trade to Tunisia's overall economic activity.
Methodology
The data is calculated by the World Bank using official sources and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess a country's trade orientation and exposure to global economic conditions.
Key Facts
- Tunisia's openness to trade averaged 98.5% of GDP from 2010-2020.
- Openness increased from 93.5% in 2010 to 102.3% in 2019 before declining to 88.2% in 2020.
- Tunisia is a relatively open economy, with trade playing a significant role in its economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Tunisia' metric measures the sum of exports and imports of goods and services as a percentage of Tunisia's gross domestic product, providing insight into the relative importance of international trade to the country's overall economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding Tunisia's trade orientation and exposure to global economic conditions, which is important for policymakers and analysts assessing the country's economic integration and openness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official sources and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess a country's trade orientation and exposure to global economic conditions, which informs policy decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, 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 Tunisia (OPENCPTNA156NUPN), retrieved from FRED.