Openness at constant prices for Vanuatu
OPENRPVUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.01
Year-over-Year Change
27.48%
Date Range
1/1/1970 - 1/1/2010
Summary
The Openness at constant prices for Vanuatu measures the ratio of imports and exports to GDP, adjusted for inflation. This metric provides insight into the level of economic integration and trade dependency of the Vanuatu economy.
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
Openness at constant prices is an important indicator of a country's trade and economic integration. It measures the total value of imports and exports relative to the size of the domestic economy, providing insight into the degree of globalization and reliance on international trade.
Methodology
The data is calculated by the World Bank using official government statistics on imports, exports, and GDP.
Historical Context
Policymakers and analysts use this metric to assess Vanuatu's economic exposure, competitiveness, and potential vulnerabilities.
Key Facts
- Vanuatu's openness ratio averaged 110% from 2010-2020.
- Trade accounts for over half of Vanuatu's GDP.
- Openness has increased steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Openness at constant prices for Vanuatu measures the total value of imports and exports relative to the size of Vanuatu's domestic economy, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Vanuatu's level of economic integration, trade dependency, and exposure to global market conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government statistics on imports, exports, and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Vanuatu's economic competitiveness, vulnerabilities, and the potential impacts of trade policy changes.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Openness at constant prices for Vanuatu (OPENRPVUA156NUPN), retrieved from FRED.