Openness at constant prices for Portugal
OPENRPPTA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.85
Year-over-Year Change
27.58%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for Portugal' measures the degree of international trade integration in the Portuguese economy, providing insights into its global economic engagement.
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 economic indicator tracks the ratio of a country's total trade (sum of exports and imports) to its gross domestic product (GDP) at constant prices. It serves as a gauge of an economy's openness and integration with the global marketplace.
Methodology
The data is calculated by the OECD based on national accounts statistics.
Historical Context
This metric is closely monitored by policymakers and analysts to assess Portugal's economic competitiveness and its exposure to international market forces.
Key Facts
- Portugal's openness ratio has increased over the past decade.
- Higher openness is associated with greater economic growth and development.
- The openness metric is a key indicator of a country's integration into the global economy.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Portugal' metric measures the degree to which the Portuguese economy is integrated with the global marketplace through international trade.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Portugal's economic competitiveness and exposure to international market forces, which is crucial for policymakers and analysts assessing the country's growth prospects and integration with the global economy.
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: Policymakers closely monitor this metric to gauge Portugal's economic openness and global integration, which informs trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and revisions of the OECD's national accounts statistics, which may result in occasional update delays or minor historical revisions.
Related Trends
Openness at constant prices for Paraguay
OPENRPPYA156NUPN
Openness at Current Prices for Madagascar
OPENCPMGA156NUPN
Openness at constant prices for Barbados
OPENRPBBA156NUPN
Openness at Current Prices for Cote d`Ivoire
OPENCPCIA156NUPN
Openness at Current Prices for Tajikistan
OPENCPTJA156NUPN
Openness at Current Prices for Malaysia
OPENCPMYA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Portugal (OPENRPPTA156NUPN), retrieved from FRED.