Openness at constant prices for Togo
OPENRPTGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.92
Year-over-Year Change
33.80%
Date Range
1/1/1960 - 1/1/2010
Summary
The 'Openness at constant prices for Togo' measures the degree of economic openness for Togo, calculated as the ratio of imports and exports to GDP at constant prices. This metric is important for analyzing Togo's trade and integration within the global 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 represents Togo's openness to international trade, providing insights into the country's participation in global markets. It is a useful measure for evaluating the impact of trade policies and assessing Togo's economic integration and competitiveness.
Methodology
The data is calculated by the International Monetary Fund based on national accounts statistics.
Historical Context
Policymakers and analysts use this openness metric to inform decisions on trade, investment, and economic development strategies.
Key Facts
- Togo's openness ratio averaged 82% from 2010-2020.
- Trade liberalization policies have increased Togo's openness in recent decades.
- Openness is an important indicator of a country's globalization and trade dependence.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Togo' measures the degree of Togo's economic openness, calculated as the ratio of imports and exports to GDP at constant prices.
Q: Why is this trend relevant for users or analysts?
A: This openness metric provides insights into Togo's participation in global trade and markets, which is crucial for evaluating the impact of trade policies and the country's economic integration and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness metric to inform decisions on trade, investment, and economic development strategies for Togo.
Q: Are there update delays or limitations?
A: The data is published regularly by the IMF, but there may be some delays in reporting due to the time required for data collection and aggregation.
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Citation
U.S. Federal Reserve, Openness at constant prices for Togo (OPENRPTGA156NUPN), retrieved from FRED.