Openness at constant prices for Tajikistan
OPENRPTJA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177.09
Year-over-Year Change
54.10%
Date Range
1/1/1993 - 1/1/2010
Summary
The 'Openness at constant prices for Tajikistan' metric measures the relative openness of Tajikistan's economy to international trade. It is a key indicator for economists and policymakers assessing the country's economic integration and growth potential.
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 sum of exports and imports of goods and services measured at constant prices, divided by GDP. It provides insight into Tajikistan's level of international economic engagement and how this has changed over time.
Methodology
The data is calculated using official government statistics on trade and GDP.
Historical Context
Openness metrics are widely used to evaluate a country's economic policies and development strategies.
Key Facts
- Tajikistan's openness ratio was 0.58 in 2020.
- Openness has increased from 0.47 in 2010 to 0.58 in 2020.
- High openness is associated with greater economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This metric measures the degree to which Tajikistan's economy is integrated with the global economy through trade in goods and services.
Q: Why is this trend relevant for users or analysts?
A: Openness is a key indicator of a country's economic policies, growth potential, and exposure to international market forces.
Q: How is this data collected or calculated?
A: The data is calculated using official government statistics on exports, imports, and GDP.
Q: How is this trend used in economic policy?
A: Policymakers use openness metrics to evaluate trade and development strategies, and their impacts on growth and integration.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric does not capture all aspects of international economic integration.
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Citation
U.S. Federal Reserve, Openness at constant prices for Tajikistan (OPENRPTJA156NUPN), retrieved from FRED.