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// Workers AI · dad joke modeWhat did the openness index say? It's transparent.

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From Wikipedia, the free encyclopedia
Trade as a share of global GDP (openness index)

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.[1] = (Exports + Imports)/(Gross Domestic Product)[2]

The interpretation of the openness index is, the higher the index, the larger the influence of international trade on domestic activities and the stronger that country's economy.[3]

See also

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References

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  1. ↑ Glossary, International Economics. "Deardorffs' Glossary of International Economics entry". Retrieved 21 September 2011.
  2. ↑ "Trade (% of GDP) | Data".
  3. ↑ "Homepage" (PDF).
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