While I agree that the number of open issues alone isn't very indicative, I think the ratio of open vs closed issues is useful. This can tell you how well the scope of the project is being controlled, how well organised the owner of the repository is, etc.
In your example, VSCode has 3k+ issues of open, but there's a total of 55k issues in their tracker. I start would worry if I saw a tracker with a ratio of around 1 open issue for every 4 closed, depending on maturity of the project.
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While I agree that the number of open issues alone isn't very indicative, I think the ratio of open vs closed issues is useful. This can tell you how well the scope of the project is being controlled, how well organised the owner of the repository is, etc.
In your example, VSCode has 3k+ issues of open, but there's a total of 55k issues in their tracker. I start would worry if I saw a tracker with a ratio of around 1 open issue for every 4 closed, depending on maturity of the project.