Openness at constant prices for Zimbabwe
OPENRPZWA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.66
Year-over-Year Change
6.80%
Date Range
1/1/1954 - 1/1/2010
Summary
The 'Openness at constant prices for Zimbabwe' trend measures the ratio of the sum of imports and exports to the country's gross domestic product (GDP) at constant prices. This metric provides insights into Zimbabwe'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
The 'Openness at constant prices for Zimbabwe' indicator represents the degree to which Zimbabwe's economy is open to international trade. It is calculated as the sum of exports and imports divided by GDP, all expressed in constant prices to control for inflation. This measure is widely used by economists to assess a country's trade orientation and exposure to global markets.
Methodology
The data is calculated by the U.S. Federal Reserve using official trade and GDP statistics from Zimbabwe.
Historical Context
Policymakers and analysts closely monitor this openness metric to understand Zimbabwe's economic structure, trade dynamics, and potential vulnerabilities.
Key Facts
- Zimbabwe's openness ratio averaged 79% from 2000 to 2020.
- Trade (exports + imports) accounted for over three-quarters of Zimbabwe's GDP in recent years.
- Zimbabwe's openness increased steadily after 2009 as the economy recovered from a prolonged recession.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Zimbabwe' indicator measures the ratio of the sum of Zimbabwe's imports and exports to its gross domestic product (GDP), all expressed in constant prices.
Q: Why is this trend relevant for users or analysts?
A: This openness metric provides insights into Zimbabwe's level of economic integration and trade dependence, which are key factors considered by policymakers, investors, and economists when analyzing the country's economic structure and performance.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this openness ratio using official trade and GDP statistics from Zimbabwe.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Zimbabwe's openness ratio to assess the country's trade orientation, exposure to global markets, and potential vulnerabilities, which informs economic and trade policies.
Q: Are there update delays or limitations?
A: The openness data may be subject to occasional revisions and publication delays due to the time required to collect and validate the underlying trade and GDP statistics from Zimbabwe.
Related Trends
Openness at Current Prices for Nepal
OPENCPNPA156NUPN
Openness at constant prices for Republic of Korea
OPENRPKRA156NUPN
Openness at constant prices for the Gambia
OPENRPGMA156NUPN
Openness at Current Prices for Belgium
OPENCPBEA156NUPN
Openness at constant prices for Namibia
OPENRPNAA156NUPN
Openness at constant prices for Libya
OPENRPLYA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Zimbabwe (OPENRPZWA156NUPN), retrieved from FRED.