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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. = /(Gross Domestic Product)

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Jun 27, 2026
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Trade as a share of global GDP (openness index) source ↗

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

See also

References

References

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