Openness at Current Prices for Mauritius
OPENCPMUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.08
Year-over-Year Change
-14.79%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at Current Prices for Mauritius' trend measures the ratio of total trade (exports plus imports) to GDP in Mauritius, providing insight into the country's economic integration and exposure to global markets.
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 the degree of openness of Mauritius' economy, reflecting the importance of international trade relative to domestic economic activity. It is a widely used metric for evaluating a country's integration into the global economy and its dependence on foreign trade.
Methodology
The data is calculated by the International Monetary Fund (IMF) using official government statistics on exports, imports, and GDP.
Historical Context
Policymakers and analysts use this openness metric to assess Mauritius' economic structure, competitiveness, and vulnerability to external shocks.
Key Facts
- Mauritius' openness ratio exceeds 100%, indicating its economy is highly dependent on foreign trade.
- The openness metric has steadily increased over the past two decades as Mauritius has liberalized its economy.
- Mauritius' openness is among the highest in Africa, reflecting its strategic location and export-oriented development model.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Mauritius' metric measures the ratio of total trade (exports plus imports) to GDP, providing insight into the country's economic integration and exposure to global markets.
Q: Why is this trend relevant for users or analysts?
A: This openness indicator is a widely used metric for evaluating a country's integration into the global economy and its dependence on foreign trade, which is crucial for policymakers and analysts assessing Mauritius' economic structure, competitiveness, and vulnerability to external shocks.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) using official government statistics on exports, imports, and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness metric to assess Mauritius' economic structure, competitiveness, and vulnerability to external shocks, which is particularly relevant given the country's high degree of integration into the global economy.
Q: Are there update delays or limitations?
A: The data is published by the IMF on a regular basis, but there may be some delays in data availability and potential limitations in the underlying government statistics used to calculate the metric.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Mauritius (OPENCPMUA156NUPN), retrieved from FRED.