Openness at constant prices for St. Kitts and Nevis
OPENRPKNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.96
Year-over-Year Change
-27.41%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for St. Kitts and Nevis' measures the trade openness of the St. Kitts and Nevis economy, which is an important indicator for economists and policymakers.
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 represents the sum of exports and imports of goods and services, expressed as a percentage of gross domestic product (GDP) at constant prices for St. Kitts and Nevis. It provides insights into the degree of international economic integration and the significance of trade for the country's economy.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments data.
Historical Context
Policymakers and analysts use this openness measure to assess economic performance and the potential impact of trade policies.
Key Facts
- St. Kitts and Nevis is a small island country in the Caribbean.
- Trade accounts for a significant portion of the country's GDP.
- The openness measure has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the degree of trade openness for the economy of St. Kitts and Nevis, calculated as the sum of exports and imports of goods and services as a percentage of GDP at constant prices.
Q: Why is this trend relevant for users or analysts?
A: The openness measure provides insights into the integration of the St. Kitts and Nevis economy with the global market, which is relevant for policymakers and economists analyzing economic performance and the potential impact of trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness measure to assess the degree of international economic integration and the significance of trade for the St. Kitts and Nevis economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the World Bank with potential delays, and the measure may not fully capture all aspects of trade openness for the country.
Related Trends
Openness at constant prices for Cape Verde
OPENRPCVA156NUPN
Openness at Current Prices for Spain
OPENCPESA156NUPN
Openness at constant prices for Panama
OPENRPPAA156NUPN
Openness at Current Prices for Mauritania
OPENCPMRA156NUPN
Openness at Current Prices for Poland
OPENCPPLA156NUPN
Openness at constant prices for Bhutan
OPENRPBTA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for St. Kitts and Nevis (OPENRPKNA156NUPN), retrieved from FRED.