Openness at Current Prices for Antigua and Barbuda
OPENCPAGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.14
Year-over-Year Change
-29.85%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at Current Prices for Antigua and Barbuda' measures the degree of trade integration in the Antiguan and Barbudan economy. It is an important metric for economists and policymakers analyzing economic openness and globalization.
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 sum of exports and imports of goods and services as a percentage of GDP in Antigua and Barbuda. It provides insight into how open the economy is to international trade and investment flows.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance of payments data.
Historical Context
This metric is widely used to assess a country's participation in the global economy and inform trade and economic policies.
Key Facts
- Antigua and Barbuda's openness ratio was 130.4% in 2021.
- The openness ratio has fluctuated between 100-150% over the past decade.
- A high openness ratio indicates Antigua and Barbuda's economy is heavily dependent on international trade.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Antigua and Barbuda' measures the sum of exports and imports of goods and services as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into how open the Antiguan and Barbudan economy is to international trade and investment flows, which is crucial for analyzing economic integration and globalization.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments data.
Q: How is this trend used in economic policy?
A: This openness ratio is widely used by economists and policymakers to assess a country's participation in the global economy and inform trade, investment, and economic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a potential delay of 1-2 years, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Antigua and Barbuda (OPENCPAGA156NUPN), retrieved from FRED.