Openness at constant prices for Macao
OPENRPMOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.00
Year-over-Year Change
21.82%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for Macao' trend measures the degree of economic openness in Macao, an important indicator of trade and globalization. It provides insights into Macao's economic integration and potential growth drivers.
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
The 'Openness at constant prices for Macao' is an economic indicator that represents the ratio of the sum of imports and exports to GDP, adjusted for inflation. It serves as a gauge of Macao's participation in international trade and its economic interdependence with the global economy.
Methodology
The data is calculated by the U.S. Federal Reserve using official trade and GDP statistics from Macao.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to assess Macao's economic performance and prospects.
Key Facts
- Macao's openness ratio averaged over 200% in the past decade.
- The trend reached a peak of 250% in 2007 before declining due to the global financial crisis.
- Macao's high openness reflects its reliance on international trade and tourism.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Macao' trend measures the ratio of Macao's total imports and exports to its GDP, adjusted for inflation. It reflects the degree of Macao's economic integration with the global market.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Macao's economic structure and competitiveness. It is a key indicator used by policymakers, investors, and analysts to assess Macao's trade dynamics, growth potential, and exposure to external economic shocks.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official trade and GDP statistics from Macao.
Q: How is this trend used in economic policy?
A: Macao's openness ratio is closely monitored by policymakers to evaluate the effectiveness of trade and investment policies, as well as to identify opportunities and risks in the global economic landscape.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of Macao's official trade and GDP statistics, which may result in occasional update delays. Additionally, the inflation adjustment process may introduce minor revisions over time.
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Citation
U.S. Federal Reserve, Openness at constant prices for Macao (OPENRPMOA156NUPN), retrieved from FRED.