Openness at constant prices for Peru
OPENRPPEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.65
Year-over-Year Change
21.77%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for Peru' indicator measures the degree of trade openness in the Peruvian economy, which is crucial for understanding its integration with global markets.
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 a country's total trade (imports plus exports) to its GDP, adjusted for inflation. It provides insights into the level of economic integration and the role of international trade in a nation's economic activities.
Methodology
The data is calculated by the World Bank using national accounts and trade data.
Historical Context
This indicator is widely used by policymakers, economists, and analysts to assess a country's trade policies and the impacts of globalization.
Key Facts
- Peru's openness ratio was 51.75 in 2021.
- Trade openness has increased in Peru over the past two decades.
- Higher openness is associated with greater economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the degree of trade openness in the Peruvian economy, which is the ratio of a country's total trade (imports plus exports) to its GDP, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of economic integration and the role of international trade in Peru's economic activities, which is crucial for understanding the country's engagement with the global market.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade data.
Q: How is this trend used in economic policy?
A: This indicator is widely used by policymakers, economists, and analysts to assess a country's trade policies and the impacts of globalization on its economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying national accounts and trade data reported by the Peruvian government.
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Citation
U.S. Federal Reserve, Openness at constant prices for Peru (OPENRPPEA156NUPN), retrieved from FRED.