Openness at constant prices for Bhutan
OPENRPBTA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.98
Year-over-Year Change
59.70%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for Bhutan' series measures the degree of economic integration between Bhutan and the global economy. It is an important indicator for understanding Bhutan's trade performance and economic development.
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 Bhutan's exports and imports of goods and services as a percentage of its gross domestic product (GDP) at constant prices. It provides insights into the country's trade openness and integration with international markets.
Methodology
The data is compiled by the World Bank using national accounts and balance of payments statistics.
Historical Context
Policymakers and economists analyze this trend to assess Bhutan's trade orientation and the potential impact of trade policies on its economic growth.
Key Facts
- Bhutan's openness ratio averaged around 80% from 2010 to 2020.
- Trade openness is crucial for Bhutan's small, landlocked economy.
- The metric reflects Bhutan's reliance on exports and imports for economic development.
FAQs
Q: What does this economic trend measure?
A: This metric measures the degree of Bhutan's economic integration with the global economy by calculating the sum of its exports and imports as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: Analyzing Bhutan's trade openness is crucial for understanding its economic development, competitiveness, and the potential impact of trade policies.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Bhutan's trade orientation and the potential impact of trade policies on its economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and balance of payments statistics from Bhutan.
Related Trends
Openness at constant prices for Argentina
OPENRPARA156NUPN
Openness at constant prices for Botswana
OPENRPBWA156NUPN
Openness at constant prices for Israel
OPENRPILA156NUPN
Openness at constant prices for Poland
OPENRPPLA156NUPN
Openness at constant prices for Luxembourg
OPENRPLUA156NUPN
Openness at Current Prices for Mongolia
OPENCPMNA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Bhutan (OPENRPBTA156NUPN), retrieved from FRED.