Openness at Current Prices for Malawi
OPENCPMWA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.31
Year-over-Year Change
15.86%
Date Range
1/1/1954 - 1/1/2010
Summary
The 'Openness at Current Prices for Malawi' metric measures the ratio of a country's total trade (exports plus imports) to its gross domestic product (GDP) at current market prices. This provides insight into a country's level of international economic integration and trade exposure.
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
Openness is a key economic indicator that reflects a country's degree of engagement in global trade and commerce. It is used by economists and policymakers to assess a nation's economic structure, competitiveness, and vulnerability to external shocks.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Openness trends are closely monitored by international institutions and investors to gauge a country's economic performance and policy environment.
Key Facts
- Malawi's openness ratio was 66.7% in 2021.
- Openness has increased from 52.4% in 2000.
- High openness indicates greater reliance on trade
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Malawi' metric measures the ratio of Malawi's total trade (exports plus imports) to its gross domestic product (GDP) at current market prices.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's level of international economic integration and exposure to global trade, which is important for assessing economic structure, competitiveness, and vulnerability to external shocks.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Openness trends are closely monitored by international institutions and investors to gauge a country's economic performance and policy environment.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delay, and may not fully capture short-term trade fluctuations.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Malawi (OPENCPMWA156NUPN), retrieved from FRED.