Openness at Current Prices for Mozambique
OPENCPMZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.76
Year-over-Year Change
107.78%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at Current Prices for Mozambique' measures the degree of openness of the Mozambican economy by calculating the ratio of total trade (exports plus imports) to 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 indicator provides insight into Mozambique's integration with the global economy. It is used by economists and policymakers to assess a country's trade orientation and exposure to international economic forces.
Methodology
The data is calculated by the World Bank using official government sources.
Historical Context
Openness is a key metric for evaluating a country's trade policy and economic development strategies.
Key Facts
- Mozambique's trade openness ratio was 91.5% in 2021.
- Openness has increased from 72.5% in 2010 as Mozambique has integrated further into the global economy.
- Openness is a key indicator of a country's economic orientation and growth potential.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at Current Prices for Mozambique' measures the total value of a country's imports and exports relative to its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Openness is an important metric for assessing a country's level of economic integration and exposure to global trade. It provides insight into a country's growth potential, trade policies, and vulnerability to external economic shocks.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government sources for imports, exports, and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the openness metric to evaluate a country's trade orientation, inform policy decisions related to trade agreements and liberalization, and assess a country's economic development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately two years, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Openness at Current Prices for Mozambique (OPENCPMZA156NUPN), retrieved from FRED.