Openness at Current Prices for St.Vincent and Grenadines
OPENCPVCA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.88
Year-over-Year Change
-18.09%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at Current Prices for St. Vincent and Grenadines' metric measures the degree of integration between the St. Vincent and Grenadines economy and the global economy. It is an important indicator for economists and policymakers assessing trade and economic policies.
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 calculates the sum of exports and imports of goods and services as a percentage of gross domestic product (GDP) for St. Vincent and Grenadines. It provides insight into the economy's level of trade openness and integration with international markets.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments data.
Historical Context
Policymakers use this metric to evaluate trade and economic policies that impact the country's global economic integration.
Key Facts
- St. Vincent and Grenadines' openness ratio was 93.91% in 2020.
- The openness ratio has increased from 73.91% in 2000 to 93.91% in 2020.
- A higher openness ratio indicates greater integration with the global economy.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for St. Vincent and Grenadines' metric measures the degree of integration between the St. Vincent and Grenadines economy and the global economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economy's level of trade openness and integration with international markets, which is relevant for evaluating trade and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments data.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate trade and economic policies that impact the country's global economic integration.
Q: Are there update delays or limitations?
A: The data is published annually with potential delays in availability.
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Citation
U.S. Federal Reserve, Openness at Current Prices for St.Vincent and Grenadines (OPENCPVCA156NUPN), retrieved from FRED.