Openness at constant prices for Antigua and Barbuda
OPENRPAGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.35
Year-over-Year Change
-17.79%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for Antigua and Barbuda' metric measures the degree of international trade integration of the Antiguan and Barbudan economy. It is an important indicator for economists and policymakers assessing the country's economic openness 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 metric represents the sum of imports and exports of goods and services, divided by GDP, all expressed in constant local currency units. It provides insights into the overall trade orientation and exposure of the Antiguan and Barbudan economy.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Economists and policymakers use this metric to analyze trade patterns, competitiveness, and the degree of economic integration with the global economy.
Key Facts
- Antigua and Barbuda is a small island nation in the Caribbean.
- Trade accounts for a significant portion of the country's GDP.
- Openness to trade has fluctuated over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This metric measures the degree of international trade integration of the Antiguan and Barbudan economy by calculating the ratio of total imports and exports to GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the trade orientation and exposure of the Antiguan and Barbudan economy, which is important for assessing competitiveness, economic diversification, and integration with global markets.
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: Economists and policymakers use this metric to analyze trade patterns, competitiveness, and the degree of economic integration with the global economy, which informs policy decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data may have some delay in availability, as it relies on national accounts and balance of payments statistics that can take time to compile and publish.
Related Trends
Openness at constant prices for Vietnam
OPENRPVNA156NUPN
Openness at Current Prices for Yemen
OPENCPYEA156NUPN
Openness at constant prices for Laos
OPENRPLAA156NUPN
Openness at constant prices for Benin
OPENRPBJA156NUPN
Openness at Current Prices for Kyrgyzstan
OPENCPKGA156NUPN
Openness at Current Prices for Macao
OPENCPMOA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Antigua and Barbuda (OPENRPAGA156NUPN), retrieved from FRED.