Openness at constant prices for Tunisia
OPENRPTNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.91
Year-over-Year Change
57.42%
Date Range
1/1/1961 - 1/1/2010
Summary
The 'Openness at constant prices for Tunisia' measures the degree of economic openness in Tunisia, a key indicator of integration into global trade. This trend is important for policymakers and economists analyzing Tunisia's trade dynamics and external sector performance.
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 at constant prices for Tunisia' series calculates the ratio of the sum of exports and imports to GDP, adjusted for inflation, to gauge the level of a country's trade integration and economic interdependence with the global economy. This metric provides insights into Tunisia's evolving trade patterns and exposure to external shocks.
Methodology
The data is calculated by the International Monetary Fund using national accounts statistics.
Historical Context
Policymakers and analysts use this openness metric to assess Tunisia's trade competitiveness and the potential impact of trade policies or global economic conditions.
Key Facts
- Tunisia's openness ratio averaged 100.5% from 2010-2020.
- Openness reached a peak of 105.1% in 2018 before declining in recent years.
- Higher openness is associated with greater economic growth but also increased exposure to external shocks.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Tunisia' measures the ratio of the sum of exports and imports to GDP, adjusted for inflation, to gauge Tunisia's level of trade integration and economic interdependence with the global economy.
Q: Why is this trend relevant for users or analysts?
A: This openness metric provides important insights into Tunisia's trade competitiveness, exposure to external shocks, and the potential impact of trade policies or global economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness metric to assess Tunisia's trade dynamics and the effectiveness of trade policies aimed at enhancing the country's global economic integration.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, as it relies on the publication of national accounts statistics by the Tunisian government.
Related Trends
Openness at Current Prices for Uganda
OPENCPUGA156NUPN
Openness at Current Prices for Spain
OPENCPESA156NUPN
Openness at constant prices for Swaziland
OPENRPSZA156NUPN
Openness at constant prices for Armenia
OPENRPAMA156NUPN
Openness at constant prices for St.Vincent and Grenadines
OPENRPVCA156NUPN
Openness at Current Prices for Eritrea
OPENCPERA156NUPN
Citation
U.S. Federal Reserve, Openness at constant prices for Tunisia (OPENRPTNA156NUPN), retrieved from FRED.