Openness at constant prices for Cameroon
OPENRPCMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.19
Year-over-Year Change
2.55%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Cameroon' metric measures the ratio of a country's total trade (exports plus imports) to its gross domestic product (GDP), adjusted for inflation. This indicator provides insights into the degree of a country's economic integration and participation in global trade.
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 at constant prices is an important economic indicator that reflects a country's level of integration with the global economy. It shows the extent to which domestic production and consumption are linked to international markets through trade in goods and services.
Methodology
The data is calculated by the World Bank using countries' trade and GDP figures, adjusted for inflation to provide a real, constant-price measure.
Historical Context
Policymakers and analysts use this metric to assess a country's trade orientation and the potential impacts of trade policies on economic growth and development.
Key Facts
- Cameroon's openness ratio was 36.7% in 2020.
- Trade accounts for over one-third of Cameroon's GDP.
- Openness has increased from 27.8% in 1990 to 36.7% in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Cameroon' metric measures the ratio of Cameroon's total trade (exports plus imports) to its gross domestic product (GDP), adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the degree of Cameroon's economic integration and participation in global trade, which is important for policymakers and analysts to assess the country's trade orientation and the potential impacts of trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Cameroon's trade and GDP figures, adjusted for inflation to provide a real, constant-price measure.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Cameroon's trade orientation and the potential impacts of trade policies on the country's economic growth and development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year or more in the most recent figures being available.
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Citation
U.S. Federal Reserve, Openness at constant prices for Cameroon (OPENRPCMA156NUPN), retrieved from FRED.