Openness at constant prices for Lebanon
OPENRPLBA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.34
Year-over-Year Change
30.69%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for Lebanon' series measures the degree of economic integration and trade openness in Lebanon, which is an important economic indicator for policymakers and analysts.
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 metric calculates the ratio of the sum of exports and imports of goods and services to GDP, adjusting for inflation to provide a real, inflation-adjusted view of Lebanon's trade openness over time. It offers insights into the country's trade dynamics and integration with the global economy.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Tracking this trend helps economists and policymakers assess Lebanon's economic policies, competitiveness, and exposure to external shocks.
Key Facts
- Lebanon's openness ratio averaged 53% from 2010-2020.
- Trade openness peaked at 59% in 2010 before declining in recent years.
- Openness is an important indicator of a country's globalization and trade dependence.
FAQs
Q: What does this economic trend measure?
A: This metric measures the degree of trade openness in Lebanon by calculating the ratio of exports and imports to GDP, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Tracking Lebanon's trade openness provides insights into the country's economic integration, competitiveness, and exposure to external shocks, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Monitoring Lebanon's trade openness helps economists and policymakers assess the country's economic policies, trade dynamics, and global competitiveness.
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 Lebanon (OPENRPLBA156NUPN), retrieved from FRED.