Openness at Current Prices for Switzerland
OPENCPCHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.77
Year-over-Year Change
25.44%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for Switzerland' metric measures the degree of international trade integration in the Swiss economy. It is an important indicator for understanding Switzerland's engagement in the global 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
This economic trend represents the ratio of the sum of exports and imports of goods and services to the gross domestic product (GDP) of Switzerland. It provides insight into the openness and trade dependency of the Swiss economy.
Methodology
The data is calculated by the Swiss Federal Statistical Office based on official trade and GDP figures.
Historical Context
Policymakers use this openness metric to gauge Switzerland's exposure to external economic conditions and inform trade and monetary policies.
Key Facts
- Switzerland has one of the highest openness ratios globally.
- Swiss openness has fluctuated between 80-100% of GDP in recent decades.
- Trade is critical to the Swiss economy, which lacks natural resources.
FAQs
Q: What does this economic trend measure?
A: This metric measures the degree of international trade integration in the Swiss economy by calculating the ratio of exports and imports to GDP.
Q: Why is this trend relevant for users or analysts?
A: The openness ratio provides insight into Switzerland's trade dependency and exposure to global economic conditions, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Swiss Federal Statistical Office based on official trade and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers use this openness metric to gauge Switzerland's exposure to external economic conditions and inform trade and monetary policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as trade and GDP figures are finalized.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Switzerland (OPENCPCHA156NUPN), retrieved from FRED.