Openness at Current Prices for Germany
OPENCPDEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.18
Year-over-Year Change
58.06%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at Current Prices for Germany' measures the degree of international trade and economic integration for the German economy. It is a key indicator used by economists and policymakers to analyze Germany's global competitiveness and interdependence.
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 sum of Germany's imports and exports of goods and services, divided by its gross domestic product at current market prices. It provides insight into the extent to which the German economy is open to and reliant on international trade and commerce.
Methodology
The data is calculated by the OECD using official government statistics on imports, exports, and GDP.
Historical Context
This openness metric is widely tracked by economists, investors, and policymakers to assess Germany's economic performance and policy options.
Key Facts
- Germany is the world's third-largest exporter of goods.
- Openness to trade equals around 87% of Germany's GDP.
- Germany has one of the most globally integrated economies.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Germany' metric measures the degree to which the German economy is integrated with global trade and commerce.
Q: Why is this trend relevant for users or analysts?
A: This openness indicator provides insight into Germany's economic competitiveness, reliance on exports, and susceptibility to external shocks - key factors analyzed by economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The OECD calculates this metric using official German government data on imports, exports, and gross domestic product.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor Germany's trade openness to assess the country's global economic integration, competitiveness, and potential exposure to external risks.
Q: Are there update delays or limitations?
A: The data is published quarterly by the OECD with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Germany (OPENCPDEA156NUPN), retrieved from FRED.