Openness at constant prices for Madagascar
OPENRPMGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.41
Year-over-Year Change
48.90%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Madagascar' economic trend measures the degree of integration between Madagascar's economy and the global market, providing insights into trade and economic performance.
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 ratio of the sum of imports and exports to Madagascar's gross domestic product (GDP), adjusted for inflation. It serves as an indicator of how open and globally connected the Malagasy economy is, which is a key factor in assessing economic growth and development.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this openness measure to evaluate Madagascar's trade policies, competitiveness, and potential vulnerabilities to external shocks.
Key Facts
- Madagascar's openness ratio was 58.7% in 2020.
- Openness has increased from 46.4% in 2000 to 58.7% in 2020.
- High openness can indicate greater economic vulnerability to external shocks.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Madagascar' metric measures the ratio of Madagascar's total imports and exports to its gross domestic product, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This openness measure provides insights into how integrated Madagascar's economy is with the global market, which is an important factor in evaluating the country's economic growth, competitiveness, and vulnerability to external shocks.
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: Policymakers and analysts use this openness measure to evaluate Madagascar's trade policies, economic competitiveness, and potential vulnerabilities to external shocks.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Openness at constant prices for Madagascar (OPENRPMGA156NUPN), retrieved from FRED.