Openness at constant prices for Switzerland
OPENRPCHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.36
Year-over-Year Change
33.97%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for Switzerland' trend measures the degree of international trade and economic integration in Switzerland, adjusted for inflation. It is a key indicator for economists and policymakers analyzing Switzerland's trade dynamics and global competitiveness.
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 Switzerland's total imports and exports as a percentage of its gross domestic product (GDP), using constant prices to remove the effects of inflation. It provides insight into the country's economic openness and reliance on international trade.
Methodology
The data is calculated by the Swiss Federal Statistical Office using official trade and GDP figures.
Historical Context
Policymakers and market analysts use this openness metric to gauge Switzerland's trade position and competitiveness within the global economy.
Key Facts
- Switzerland's openness ratio averaged over 100% of GDP from 2010-2020.
- Switzerland is one of the most trade-dependent economies in the world.
- Trade accounted for over half of Switzerland's GDP in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Switzerland' metric measures the combined value of the country's imports and exports as a percentage of its gross domestic product (GDP), adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This openness indicator provides valuable insight into Switzerland's degree of international trade and economic integration, which is crucial for assessing the country's global competitiveness and trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the Swiss Federal Statistical Office using official trade and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this openness metric to gauge Switzerland's trade position and competitiveness within the global economy, which informs trade, fiscal, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Swiss Federal Statistical Office, but may be subject to slight delays in data collection and reporting.
Related Trends
Openness at Current Prices for Samoa
OPENCPWSA156NUPN
Openness at Current Prices for Barbados
OPENCPBBA156NUPN
Openness at constant prices for Chad
OPENRPTDA156NUPN
Openness at constant prices for Dominica
OPENRPDMA156NUPN
Openness at Current Prices for Chad
OPENCPTDA156NUPN
Openness at Current Prices for Zambia
OPENCPZMA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Switzerland (OPENRPCHA156NUPN), retrieved from FRED.