Openness at Current Prices for Indonesia
OPENCPIDA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.64
Year-over-Year Change
-46.09%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at Current Prices for Indonesia' metric measures the ratio of the sum of exports and imports to the country's gross domestic product (GDP). This important economic indicator provides insights into Indonesia's engagement with global trade and its economic integration.
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
The openness measure reflects the degree to which an economy is open to international trade. It is a commonly used metric to evaluate a country's trade orientation and the role of foreign commerce in its overall economic activity.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
Policymakers and analysts use this openness measure to assess Indonesia's trade policy, competitiveness, and exposure to global economic conditions.
Key Facts
- Indonesia's openness ratio averaged around 50% in recent years.
- Trade openness is higher for smaller, more export-oriented economies.
- Openness levels are influenced by trade policies, exchange rates, and global demand.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Indonesia' metric measures the ratio of the sum of exports and imports to the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This openness measure provides insights into Indonesia's engagement with global trade and its economic integration, which is crucial for assessing the country's trade policy, competitiveness, and exposure to global economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness measure to assess Indonesia's trade policy, competitiveness, and exposure to global economic conditions.
Q: Are there update delays or limitations?
A: The data is published by the World Bank, and there may be some delays in availability or potential limitations in coverage or methodology.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Indonesia (OPENCPIDA156NUPN), retrieved from FRED.