Openness at Current Prices for China
OPENCPCNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.21
Year-over-Year Change
38.64%
Date Range
1/1/1952 - 1/1/2010
Summary
The 'Openness at Current Prices for China' metric measures the degree of international trade integration in the Chinese economy. It is a key indicator for economists and policymakers assessing the country's economic openness and global economic influence.
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 China's total trade (imports plus exports) as a percentage of its gross domestic product (GDP) at current market prices. It provides insight into the role of international trade in the Chinese economy and can inform assessments of the country's economic policies and competitiveness.
Methodology
The data is calculated by the World Bank using official government sources.
Historical Context
Analysts and policymakers use this metric to monitor China's economic integration and the potential impacts of trade policies.
Key Facts
- China's openness peaked at over 64% in 2006.
- Openness declined to around 38% by 2020 as China's domestic economy grew.
- High openness can make economies vulnerable to global economic shocks.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for China' metric measures the degree of international trade integration in the Chinese economy as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into China's economic openness and global integration, which is crucial for assessing the country's economic policies and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor China's economic integration and the potential impacts of trade policies.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the most recent figures.
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Citation
U.S. Federal Reserve, Openness at Current Prices for China (OPENCPCNA156NUPN), retrieved from FRED.