Openness at constant prices for Mali
OPENRPMLA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.04
Year-over-Year Change
-28.69%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Mali' metric measures the degree of integration of the Malian economy with global trade. It is a key indicator used by economists and policymakers to assess economic performance and development.
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 represents the sum of exports and imports of goods and services as a percentage of GDP, adjusted for inflation. It provides insight into the level of a country's engagement in international trade and integration with the global 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 metric to evaluate the competitiveness and growth potential of the Malian economy.
Key Facts
- Mali's openness ratio was 57% in 2021.
- The metric has trended upward since the early 2000s, indicating growing trade integration.
- High openness is associated with greater economic growth but also increased vulnerability to external shocks.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Mali' metric measures the degree to which the Malian economy is integrated with global trade, calculated as the sum of exports and imports as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Mali's competitiveness, growth potential, and vulnerability to external economic conditions, making it a key indicator for policymakers and economists assessing the country's economic performance.
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 metric to evaluate the integration of the Malian economy with global trade and the potential impacts on economic growth and development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in availability depending on national reporting.
Related Trends
Openness at Current Prices for Libya
OPENCPLYA156NUPN
Openness at Current Prices for Thailand
OPENCPTHA156NUPN
Openness at constant prices for Malaysia
OPENRPMYA156NUPN
Openness at Current Prices for Palau
OPENCPPWA156NUPN
Openness at constant prices for Marshall Islands
OPENRPMHA156NUPN
Openness at Current Prices for Iran
OPENCPIRA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Mali (OPENRPMLA156NUPN), retrieved from FRED.