Openness at constant prices for Sao Tome and Principe
OPENRPSTA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.97
Year-over-Year Change
46.10%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Openness at constant prices for Sao Tome and Principe' metric measures the total value of imports and exports as a percentage of a country's GDP, adjusted for inflation. This provides insights into the degree of international trade integration in Sao Tome and Principe's economy.
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 overall trade openness of Sao Tome and Principe's economy. It is a useful measure for evaluating the country's level of global economic integration and can inform policymakers on trade and commercial policy.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Openness is a key metric for economists and policymakers analyzing a country's trade dynamics and exposure to global economic conditions.
Key Facts
- Sao Tome and Principe's trade openness ratio was 91.7% in 2020.
- Trade openness has increased from 79.7% in 2010 to 91.7% in 2020.
- Sao Tome and Principe is a small island nation highly dependent on international trade.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Sao Tome and Principe' metric measures the total value of imports and exports as a percentage of the country's GDP, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the degree of Sao Tome and Principe's economic integration with the global marketplace, which is crucial for policymakers and analysts assessing the country's trade dynamics and exposure to external economic conditions.
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: Openness is a key metric for economists and policymakers analyzing a country's trade dynamics and exposure to global economic conditions, which can inform decisions on trade, commercial, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Openness at constant prices for Sao Tome and Principe (OPENRPSTA156NUPN), retrieved from FRED.