Openness at constant prices for Hong Kong SAR
OPENRPHKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
398.18
Year-over-Year Change
41.50%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Hong Kong SAR' metric measures Hong Kong's economic openness by calculating the ratio of imports and exports to GDP, adjusted for inflation. This provides insights into Hong Kong's level of international trade integration.
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 indicator tracks Hong Kong's economic openness over time by assessing the total value of imports and exports relative to the size of its economy. It is a key metric for understanding Hong Kong's degree of global trade and commercial integration.
Methodology
The data is calculated by the International Monetary Fund using national accounts information.
Historical Context
Policymakers and economists use this metric to evaluate Hong Kong's economic policies and trade relationships.
Key Facts
- Hong Kong has one of the world's most open economies.
- Openness ratio peaked at over 450% of GDP in 2007.
- Openness ratio declined during the 2008-2009 global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This metric measures Hong Kong's economic openness by calculating the ratio of imports and exports to its gross domestic product (GDP), adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The openness ratio is a key indicator of a country's level of international trade integration and can provide insights into its economic policies and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using national accounts information from Hong Kong.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Hong Kong's economic policies and trade relationships, as well as its overall level of global commercial integration.
Q: Are there update delays or limitations?
A: The data may have some update delays due to the time required to collect and process the underlying national accounts information.
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Citation
U.S. Federal Reserve, Openness at constant prices for Hong Kong SAR (OPENRPHKA156NUPN), retrieved from FRED.