Openness at Current Prices for Moldova
OPENCPMDA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.82
Year-over-Year Change
0.87%
Date Range
1/1/1992 - 1/1/2010
Summary
The Openness at Current Prices for Moldova measures the degree of trade openness in the Moldovan economy. It is an important economic indicator for understanding the country's integration with global markets.
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 Current Prices is calculated as the sum of exports and imports of goods and services, divided by the gross domestic product (GDP) of Moldova. This metric provides insight into the economy's reliance on international trade and its exposure to external economic factors.
Methodology
The data is collected and calculated by the World Bank based on official government statistics.
Historical Context
Policymakers and analysts use this metric to assess Moldova's trade dependency and vulnerability to global economic conditions.
Key Facts
- Moldova's Openness at Current Prices was 89.4% in 2021.
- The metric has fluctuated between 70-90% over the past decade.
- Trade openness is a key driver of economic growth in Moldova.
FAQs
Q: What does this economic trend measure?
A: The Openness at Current Prices for Moldova measures the ratio of the country's total trade (exports plus imports) to its gross domestic product, providing insight into the economy's integration with global markets.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Moldova's trade dependency and vulnerability to external economic factors, which is crucial for policymakers and economists assessing the country's economic performance and potential.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official government statistics for Moldova's exports, imports, and gross domestic product.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Openness at Current Prices metric to evaluate Moldova's trade dependency and exposure to global economic conditions, which informs policy decisions related to trade, investment, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical 1-2 year lag between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Moldova (OPENCPMDA156NUPN), retrieved from FRED.