Openness at Current Prices for Kyrgyzstan
OPENCPKGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.15
Year-over-Year Change
55.69%
Date Range
1/1/1993 - 1/1/2010
Summary
The 'Openness at Current Prices for Kyrgyzstan' metric measures the combined value of imports and exports relative to the country's total economic output (GDP) at current market prices.
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 openness indicator provides insight into Kyrgyzstan's level of integration with the global economy. It is used by economists and policymakers to assess the country's trade dependence, exposure to external shocks, and growth potential through international commerce.
Methodology
The data is calculated by the World Bank as the sum of exports and imports of goods and services measured at current market prices, divided by GDP.
Historical Context
Openness trends are closely monitored as a gauge of Kyrgyzstan's economic liberalization and engagement with international markets.
Key Facts
- Kyrgyzstan's openness ratio averaged 98% from 2010-2020.
- Openness increased after Kyrgyzstan joined the Eurasian Economic Union in 2015.
- High openness indicates Kyrgyzstan's economy is heavily reliant on international trade.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Kyrgyzstan' metric measures the combined value of Kyrgyzstan's imports and exports relative to its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This openness indicator provides insight into Kyrgyzstan's level of integration with the global economy and trade dependence, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank as the sum of exports and imports of goods and services measured at current market prices, divided by GDP.
Q: How is this trend used in economic policy?
A: Openness trends are used to assess Kyrgyzstan's economic liberalization, exposure to external shocks, and growth potential through international commerce.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Kyrgyzstan (OPENCPKGA156NUPN), retrieved from FRED.