Leading Indicators OECD: Component Series: Terms of Trade: Normalised for Australia
AUSLOCOTTNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.54
Year-over-Year Change
-2.48%
Date Range
1/1/1960 - 11/1/2023
Summary
The OECD Leading Indicators: Terms of Trade for Australia is an economic indicator that tracks changes in the ratio of export to import prices, providing insight into Australia's international trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Terms of Trade indicator measures the purchasing power of a country's exports relative to its imports. It is a key metric for assessing Australia's competitiveness in global markets and the impacts of exchange rate movements and trade policy on the economy.
Methodology
The data is calculated by the OECD using official government sources.
Historical Context
Policymakers and analysts use this indicator to monitor Australia's trade position and external sector performance.
Key Facts
- Australia is a major exporter of commodities and services.
- The Terms of Trade indicator tracks changes in Australia's export and import prices.
- Improving Terms of Trade can boost national income and economic growth.
FAQs
Q: What does this economic trend measure?
A: The OECD Leading Indicators: Terms of Trade for Australia measures the ratio of export prices to import prices, providing insight into the country's international trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: The Terms of Trade indicator is a key metric for assessing Australia's competitiveness in global markets and the impacts of exchange rate movements and trade policy on the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using official government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor Australia's trade position and external sector performance, which informs decisions on trade, exchange rate, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The OECD Leading Indicators are subject to periodic updates, and there may be delays in the availability of the most recent data.
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Citation
U.S. Federal Reserve, OECD Leading Indicators: Component Series: Terms of Trade: Normalised for Australia (AUSLOCOTTNOSTSAM), retrieved from FRED.