Openness at constant prices for Moldova
OPENRPMDA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.92
Year-over-Year Change
61.04%
Date Range
1/1/1992 - 1/1/2010
Summary
The 'Openness at constant prices for Moldova' metric tracks Moldova's trade openness by measuring the ratio of exports and imports to GDP, adjusted for inflation.
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 Moldova's economic integration and exposure to global trade and investment. It is a key measure used by economists and policymakers to assess a country's economic openness and competitiveness.
Methodology
The data is calculated by the International Monetary Fund based on official national accounts statistics.
Historical Context
Openness is an important factor in economic growth, with implications for monetary and fiscal policies.
Key Facts
- Moldova's openness ratio was 104.7% in 2021.
- Openness has increased from 91.5% in 2010.
- Moldova is a small, open economy highly dependent on exports and imports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks Moldova's trade openness by measuring the ratio of exports and imports to its gross domestic product (GDP), adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's economic integration and exposure to global trade and investment, with implications for economic growth, competitiveness, and policy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on official national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Moldova's economic openness and competitiveness, which informs monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the IMF, with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Openness at constant prices for Moldova (OPENRPMDA156NUPN), retrieved from FRED.