Openness at constant prices for Israel
OPENRPILA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.17
Year-over-Year Change
15.87%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for Israel' economic trend measures the degree of trade openness in the Israeli economy, which is important for understanding its economic integration and resilience.
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 Israel's trade openness, calculated as the sum of exports and imports of goods and services divided by GDP, all measured at constant prices. It provides insight into the level of economic integration and interdependence with global markets.
Methodology
The data is calculated by the OECD based on national accounts statistics.
Historical Context
Openness is a key indicator for policymakers and analysts assessing Israel's economic performance and external exposure.
Key Facts
- Israel's trade openness ratio averaged 60% from 2010-2020.
- Trade openness reached a high of 63.7% in 2018 before declining slightly.
- Openness has increased significantly since the 1990s as Israel's economy has become more globally integrated.
FAQs
Q: What does this economic trend measure?
A: This metric represents Israel's trade openness, calculated as the sum of exports and imports of goods and services divided by GDP, all measured at constant prices.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator for policymakers and analysts assessing Israel's economic performance and external exposure, providing insight into the level of economic integration and interdependence with global markets.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Openness is used by policymakers and economists to evaluate Israel's trade position, exposure to external shocks, and opportunities for further economic integration.
Q: Are there update delays or limitations?
A: The OECD publishes this data on a regular basis, but there may be some delays in the most recent observations being available.
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Citation
U.S. Federal Reserve, Openness at constant prices for Israel (OPENRPILA156NUPN), retrieved from FRED.