Openness at constant prices for Fiji
OPENRPFJA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.32
Year-over-Year Change
1.34%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Fiji' measures the degree of openness of the Fijian economy, providing insights into its integration with the global trade and investment landscape.
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 economic indicator tracks the ratio of total trade (exports plus imports) to gross domestic product (GDP) in Fiji, adjusted for inflation. It serves as a gauge of the economy's exposure and sensitivity to international market forces.
Methodology
The data is collected and calculated by the Fiji Bureau of Statistics.
Historical Context
Policymakers and analysts use this metric to assess Fiji's economic resilience and growth potential.
Key Facts
- Fiji's openness ratio has remained above 100% since the 1980s.
- The openness metric reached a peak of 126.7% in 2012.
- Fiji's economy is highly dependent on international trade and investment.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Fiji' measures the ratio of total trade (exports plus imports) to the country's gross domestic product, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Fiji's economic integration and exposure to global market forces, which is crucial for assessing the country's growth potential and resilience.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Fiji Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness metric to evaluate Fiji's economic performance and formulate policies that address the country's integration with the global economy.
Q: Are there update delays or limitations?
A: The Fiji Bureau of Statistics provides regular updates on this economic indicator, but there may be occasional delays or limitations in data availability.
Related Trends
Openness at constant prices for Marshall Islands
OPENRPMHA156NUPN
Openness at constant prices for Brunei
OPENRPBNA156NUPN
Openness at constant prices for Palau
OPENRPPWA156NUPN
Openness at constant prices for Greece
OPENRPGRA156NUPN
Openness at Current Prices for Norway
OPENCPNOA156NUPN
Openness at Current Prices for Sudan
OPENCPSDA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Fiji (OPENRPFJA156NUPN), retrieved from FRED.