Openness at constant prices for Montenegro
OPENRPMEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.10
Year-over-Year Change
23.82%
Date Range
1/1/1990 - 1/1/2010
Summary
The openness at constant prices for Montenegro measures the relative size of the country's international trade compared to its overall economic activity, adjusted for inflation.
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 provides insight into Montenegro's economic integration and dependence on foreign markets. It is a key indicator used by economists and policymakers to assess the trade orientation and globalization of the Montenegrin economy.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
Openness is a important consideration for Montenegro's economic and trade policies.
Key Facts
- Montenegro's openness ratio has increased from 90% in 2006 to 115% in 2020.
- Trade (exports plus imports) accounts for over 100% of Montenegro's GDP.
- Montenegro has a high degree of economic openness compared to other Balkan countries.
FAQs
Q: What does this economic trend measure?
A: The openness at constant prices for Montenegro measures the size of the country's international trade (exports plus imports) relative to its overall economic activity, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Montenegro's economic integration and dependence on foreign markets, which is a key consideration for policymakers and analysts assessing the country's trade orientation and globalization.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and international trade statistics.
Q: How is this trend used in economic policy?
A: Measures of trade openness like this are used by policymakers and economists to evaluate Montenegro's trade and economic policies, as well as its integration into the global economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of about two years.
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Citation
U.S. Federal Reserve, Openness at constant prices for Montenegro (OPENRPMEA156NUPN), retrieved from FRED.