Openness at constant prices for Equatorial Guinea
OPENRPGQA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.66
Year-over-Year Change
13.17%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the degree of openness of Equatorial Guinea's economy at constant prices. It is an important indicator for economists and policymakers assessing a country's international trade activities and exposure to global markets.
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
The openness at constant prices metric represents the sum of exports and imports of goods and services expressed as a percentage of gross domestic product (GDP) for Equatorial Guinea. It provides insights into the level of a country's integration with the global economy and its reliance on international trade.
Methodology
The data is calculated by the World Bank based on national accounts and balance of payments information.
Historical Context
Openness trends are closely monitored by economists, policymakers, and investors to gauge a country's economic performance and growth potential.
Key Facts
- Equatorial Guinea's openness ratio was 97.3% in 2020.
- Openness has trended upward over the past decade.
- Equatorial Guinea is a highly trade-dependent economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the degree of openness of Equatorial Guinea's economy, calculated as the sum of exports and imports of goods and services as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's integration with the global economy and its reliance on international trade, which is important for economists and policymakers assessing economic performance and growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and balance of payments information.
Q: How is this trend used in economic policy?
A: Openness trends are closely monitored by economists, policymakers, and investors to gauge a country's economic performance and growth potential, as well as its exposure to global market conditions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Openness at constant prices for Equatorial Guinea (OPENRPGQA156NUPN), retrieved from FRED.