Surf Wiki
Save to docs
general/gross-domestic-product

From Surf Wiki (app.surf) — the open knowledge base

Openness index

Trade Openness System

Trade Openness System

The openness Index is an economic metric calculated as the ratio of a country's total trade, the sum of exports plus imports, to the country's gross domestic product. = (Exports + Imports)/(Gross Domestic Product)

The interpretation of the openness index is, the higher the index, the larger the influence of trade on domestic activities and the stronger that country's economy.

References

References

  1. Glossary, International Economics. "Deardorffs' Glossary of International Economics entry".
  2. "Trade (% of GDP) | Data".
  3. "Homepage".
Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

gross-domestic-product
Want to explore this topic further?

Ask Mako anything about Openness index — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report