Openness at constant prices for Malawi
OPENRPMWA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.78
Year-over-Year Change
82.35%
Date Range
1/1/1954 - 1/1/2010
Summary
The 'Openness at constant prices for Malawi' measures the trade openness of the Malawian economy, providing insights into its engagement with global markets and potential growth opportunities.
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 economic indicator represents the ratio of total trade (exports plus imports) to GDP, adjusted for inflation to provide a real measure of openness over time. It is a valuable metric for assessing a country's integration into the global economy and its exposure to international economic forces.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments data reported by Malawi.
Historical Context
Policymakers and analysts use this openness metric to evaluate Malawi's trade policies, competitiveness, and potential vulnerabilities to external shocks.
Key Facts
- Malawi's openness ratio averaged 58% from 1960 to 2020.
- Trade openness peaked at 77% of GDP in 2012.
- Openness has declined in recent years due to weaker global demand.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Malawi' metric measures the total value of Malawi's exports and imports relative to its gross domestic product, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This openness indicator provides insights into Malawi's level of economic integration and exposure to global trade, which is crucial for evaluating the country's growth potential, competitiveness, and vulnerability to external shocks.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and balance of payments data reported by the government of Malawi.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the openness ratio to assess Malawi's trade policies, competitiveness, and the potential impact of global economic conditions on the domestic economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Openness at constant prices for Malawi (OPENRPMWA156NUPN), retrieved from FRED.