Openness at constant prices for Syria
OPENRPSYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.44
Year-over-Year Change
17.08%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Syria' trend measures Syria's trade openness, or the ratio of total trade (exports plus imports) to GDP, adjusted for inflation. This indicator provides insights into Syria's economic integration and dependence on international trade.
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 metric reflects the degree to which Syria's economy is exposed to global trade and investment. Economists and policymakers use this indicator to assess Syria's trade orientation, competitiveness, and susceptibility to external economic shocks.
Methodology
The data is calculated by the United Nations based on official national accounts statistics.
Historical Context
Policymakers and analysts monitor Syria's trade openness to inform decisions around trade, investment, and economic development policies.
Key Facts
- Syria's trade openness ratio was 56.4% in 2020.
- Trade openness has declined from a high of 81.4% in 2010.
- The openness metric is measured in constant 2015 US dollars.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Syria' indicator measures the ratio of total trade (exports plus imports) to Syria's GDP, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Syria's economic integration, trade orientation, and exposure to external shocks, which are important considerations for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations based on official national accounts statistics for Syria.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Syria's trade openness to inform decisions around trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and revisions by the source agency.
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Citation
U.S. Federal Reserve, Openness at constant prices for Syria (OPENRPSYA156NUPN), retrieved from FRED.