Openness at constant prices for Brazil
OPENRPBRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.65
Year-over-Year Change
43.44%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for Brazil' metric measures the degree of international trade integration in the Brazilian economy. It is a key indicator for economists and policymakers analyzing Brazil's economic openness and global competitiveness.
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 Brazil's total international trade (imports plus exports) to its gross domestic product (GDP), adjusted for inflation. It provides insight into the Brazilian economy's dependence on and participation in global trade and supply chains.
Methodology
The data is calculated by the U.S. Federal Reserve using official Brazilian trade and GDP statistics.
Historical Context
This openness metric is widely used to inform trade, investment, and macroeconomic policies in Brazil and globally.
Key Facts
- Brazil's openness ratio averaged 25% from 2010-2020.
- Higher openness is linked to increased productivity and economic growth.
- Trade-to-GDP ratios vary widely across countries and regions.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Brazil' metric measures the degree of international trade integration in the Brazilian economy by calculating the ratio of total trade (imports plus exports) to GDP, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This openness metric provides key insights into Brazil's economic dependence on global trade, which is crucial for informing trade, investment, and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official Brazilian trade and GDP statistics.
Q: How is this trend used in economic policy?
A: The openness metric is widely used by economists, policymakers, and institutions to analyze Brazil's global trade integration and competitiveness, and to inform relevant economic and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication lags of official trade and GDP statistics from Brazil's statistical agencies.
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Citation
U.S. Federal Reserve, Openness at constant prices for Brazil (OPENRPBRA156NUPN), retrieved from FRED.