Openness at constant prices for Maldives
OPENRPMVA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183.45
Year-over-Year Change
0.83%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for Maldives' trend measures the degree of economic integration and trade openness of the Maldives, a key indicator for economists and policymakers assessing the country's growth 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 series represents the Maldives' openness to trade, calculated as the sum of exports and imports of goods and services measured at constant national prices, divided by the value of GDP. It provides insight into the economy's reliance on international commerce and integration with global markets.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments data.
Historical Context
Openness is a critical metric for understanding a country's economic policy and development strategy.
Key Facts
- Maldives' openness ratio was 129.7% in 2021.
- Trade accounts for over 100% of Maldives' GDP.
- Openness has increased significantly since the 1990s.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Maldives' series measures the degree of Maldives' economic integration and trade openness as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's reliance on international trade and integration with the global economy, providing important context for economic policy and development analysis.
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: Openness metrics are used by economists, policymakers, and institutions to assess a country's trade orientation, growth strategy, and exposure to external economic factors.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Openness at constant prices for Maldives (OPENRPMVA156NUPN), retrieved from FRED.