Openness at constant prices for Luxembourg
OPENRPLUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
309.28
Year-over-Year Change
28.99%
Date Range
1/1/1950 - 1/1/2010
Summary
The Openness at constant prices for Luxembourg measures the ratio of imports and exports to GDP, adjusted for inflation. This metric provides insights into Luxembourg's international trade and economic 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
Openness at constant prices is an economic indicator that quantifies a country's trade activity relative to its overall economic output. It is calculated as the sum of imports and exports divided by GDP, with the components adjusted for price changes over time.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
Policymakers and analysts use this metric to assess Luxembourg's trade dependence and exposure to global economic conditions.
Key Facts
- Luxembourg has one of the highest openness ratios among OECD countries.
- The openness ratio in Luxembourg exceeds 200%, indicating a high degree of trade integration.
- Luxembourg's openness has increased over time as the country has become more globally integrated.
FAQs
Q: What does this economic trend measure?
A: The Openness at constant prices for Luxembourg measures the ratio of imports and exports to GDP, adjusted for inflation. This provides insights into the country's international trade and economic integration.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Luxembourg's trade dependence and exposure to global economic conditions, which is crucial for policymakers and analysts interested in the country's economic performance and integration.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Luxembourg's trade dependence and exposure to global economic conditions, which informs decision-making and policy formulation.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the OECD, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Openness at constant prices for Luxembourg (OPENRPLUA156NUPN), retrieved from FRED.