Openness at constant prices for Angola
OPENRPAOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.47
Year-over-Year Change
9.62%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for Angola' metric measures the degree of a country's economic integration with the global market. It is a key indicator for economists and policymakers assessing trade and growth trends.
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
Openness is calculated as the sum of exports and imports of goods and services divided by GDP, all measured at constant prices. This provides a standardized measure of a country's trade-to-GDP ratio over time, adjusting for inflation.
Methodology
The data is compiled by the World Bank from national accounts and balance of payments statistics.
Historical Context
Openness metrics are widely used to evaluate a country's economic policies, competitiveness, and exposure to external shocks.
Key Facts
- Angola's openness ratio was 91.7% in 2020.
- Openness has increased significantly in Angola since the end of the civil war in 2002.
- High openness ratios are generally associated with faster economic growth and development.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Angola' metric measures the size of a country's trade (exports plus imports) relative to its overall economic output (GDP).
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's economic integration and exposure to global markets. It provides insights into competitiveness, growth potential, and susceptibility to external shocks.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Openness metrics are widely used by policymakers, economists, and analysts to evaluate a country's trade policies, competitiveness, and resilience to global economic conditions.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the openness metric relies on underlying national accounts and trade statistics that can take time to compile and publish.
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Citation
U.S. Federal Reserve, Openness at constant prices for Angola (OPENRPAOA156NUPN), retrieved from FRED.