Openness at constant prices for Bulgaria
OPENRPBGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.14
Year-over-Year Change
17.49%
Date Range
1/1/1970 - 1/1/2010
Summary
The Openness at constant prices for Bulgaria measures the extent to which the Bulgarian economy is integrated with global trade. It is an important indicator for economists and policymakers analyzing a country's economic growth and exposure to international 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
This indicator represents the ratio of the sum of exports and imports of goods and services to the country's GDP, adjusted for inflation. It provides insights into the scale and direction of a country's international trade flows relative to the size of its domestic economy.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Openness is a key metric used by analysts and policymakers to assess a country's economic policies, trade agreements, and exposure to external shocks.
Key Facts
- Bulgaria's openness ratio was 123.8% in 2021.
- Openness has increased significantly since the 1990s as Bulgaria transitioned to a market economy.
- Higher openness can make a country more vulnerable to global economic fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Openness at constant prices for Bulgaria measures the ratio of a country's total exports and imports to its GDP, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's economic integration and exposure to international trade, which is crucial for understanding its growth prospects and vulnerability to external shocks.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the openness ratio to assess a country's trade policies, competitiveness, and susceptibility to global economic conditions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Openness at constant prices for Bulgaria (OPENRPBGA156NUPN), retrieved from FRED.