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Question 1 : calculate openness (%) of Sweden from 2003 to 2015.

Question 1 :

calculate openness (%) of Sweden from 2003 to 2015.

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Answer #1

Answer:-

  Percentage of Openness is measured by the Openness Index, where

Openness Index = (Exports + Imports) / GDP

Using world Bank database, the following are computed.

Italy Sweden
2013 2014 2015 2013 2014 2015
Imports (US$ Billion) 566.796 569.203 494.802 227.405 233.644 202.601
Exports (US$ Billion) 614.915 630.598 548.504 253.493 258.408 226.808
GDP (US$ Billion) 2,130 2,152 1,833 578.742 573.818 497.918
Openness Index 55.48% 55.75% 56.92% 83.09% 85.75% 86.24%
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