Openness at constant prices for Qatar
OPENRPQAA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.91
Year-over-Year Change
3.80%
Date Range
1/1/1986 - 1/1/2010
Summary
The 'Openness at constant prices for Qatar' series measures the ratio of a country's imports and exports to its gross domestic product (GDP) at constant prices, providing insight into Qatar's economic integration and trade dependence.
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 degree of openness of Qatar's economy, reflecting the importance of international trade relative to domestic production. It is a key metric used by economists and policymakers to assess a country's integration with the global economy and exposure to external economic conditions.
Methodology
The data is calculated by the World Bank using national accounts and trade data.
Historical Context
This measure of openness is relevant for understanding Qatar's trade dynamics and susceptibility to global economic fluctuations.
Key Facts
- Qatar's openness ratio averaged 84.5% from 1990 to 2021.
- The highest openness ratio for Qatar was 101.9% in 2012.
- Qatar's openness ratio declined from its peak due to falling oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Qatar' series measures the ratio of a country's imports and exports to its gross domestic product (GDP) at constant prices, providing insight into Qatar's economic integration and trade dependence.
Q: Why is this trend relevant for users or analysts?
A: This measure of openness is relevant for understanding Qatar's trade dynamics and susceptibility to global economic fluctuations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade data.
Q: How is this trend used in economic policy?
A: This economic indicator represents the degree of openness of Qatar's economy, reflecting the importance of international trade relative to domestic production. It is a key metric used by economists and policymakers to assess a country's integration with the global economy and exposure to external economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of underlying national accounts and trade statistics reported by Qatar.
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Citation
U.S. Federal Reserve, Openness at constant prices for Qatar (OPENRPQAA156NUPN), retrieved from FRED.