Openness at Current Prices for Cambodia
OPENCPKHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.80
Year-over-Year Change
72.75%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at Current Prices for Cambodia' measures the degree of a country's economic integration with the global marketplace. It is an important indicator for policymakers and analysts assessing a nation's trade dynamics and economic development.
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 metric represents the sum of a country's exports and imports of goods and services, divided by its gross domestic product (GDP) at current prices. It provides insight into the relative importance of international trade to the overall economy.
Methodology
The data is calculated by the United Nations Conference on Trade and Development (UNCTAD) based on official national accounts and trade statistics.
Historical Context
Policymakers use this openness indicator to gauge a country's trade orientation and its exposure to global economic conditions.
Key Facts
- Cambodia's openness ratio was 124.7% in 2021.
- Openness has increased significantly in Cambodia since the 1990s.
- High openness indicates Cambodia's economy is highly dependent on international trade.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Cambodia' measures the degree to which Cambodia's economy is integrated with the global marketplace through trade in goods and services.
Q: Why is this trend relevant for users or analysts?
A: This openness indicator provides insight into Cambodia's trade orientation and its exposure to global economic conditions, which is relevant for policymakers, economists, and investors analyzing the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations Conference on Trade and Development (UNCTAD) based on official national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this openness indicator to gauge a country's trade orientation and its exposure to global economic conditions, which informs trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays due to the time required for national statistical agencies to compile and report trade and GDP data.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Cambodia (OPENCPKHA156NUPN), retrieved from FRED.