Openness at constant prices for Mozambique
OPENRPMZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.32
Year-over-Year Change
77.49%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Mozambique' metric measures the degree of international trade and integration in the Mozambican economy. It is a key indicator used by economists and policymakers to assess the country's 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, measured at constant prices, expressed as a percentage of gross domestic product (GDP). It provides insight into Mozambique's level of engagement in the global economy and dependence on foreign trade.
Methodology
The data is calculated based on national accounts statistics reported by the Mozambican government.
Historical Context
Openness is a crucial factor in evaluating Mozambique's economic policies, growth potential, and susceptibility to external shocks.
Key Facts
- Mozambique's openness ratio averaged around 100% of GDP from 2010-2020.
- Trade openness is a key metric for assessing Mozambique's integration into the global economy.
- Openness provides insights into Mozambique's vulnerability to external economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Mozambique' metric measures the degree of international trade and integration in the Mozambican economy, represented by the sum of exports and imports as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: Openness is a crucial factor in evaluating Mozambique's economic policies, growth potential, and susceptibility to external shocks, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the Mozambican government.
Q: How is this trend used in economic policy?
A: Openness is used by economists and policymakers to assess Mozambique's level of engagement in the global economy and dependence on foreign trade, informing economic policies and strategies.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or revisions by the Mozambican government, and may not fully capture informal or unrecorded trade activities.
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Citation
U.S. Federal Reserve, Openness at constant prices for Mozambique (OPENRPMZA156NUPN), retrieved from FRED.