National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Austria
AUTEXPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,653,798,737.00
Year-over-Year Change
46.60%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the value of exports of goods and services for Austria at current prices. It is an important indicator of Austria's international trade performance and competitiveness.
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 Exports of Goods and Services trend represents the total market value of all goods and services exported from Austria to other countries. It is a key component of Austria's Gross Domestic Product (GDP) and reflects the country's integration with global markets.
Methodology
The data is collected by the Austrian statistical agency and calculated based on national accounts data.
Historical Context
This trend is closely watched by policymakers and analysts to gauge Austria's external trade position and the impact of factors like exchange rates, global demand, and trade policies.
Key Facts
- Austria's exports accounted for over 50% of its GDP in 2021.
- Germany is Austria's largest trade partner, receiving over 30% of its exports.
- Services exports make up around 40% of Austria's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from Austria to other countries at current market prices.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Austria's international trade performance and competitiveness, which are crucial factors for the country's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian statistical agency and calculated based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge Austria's external trade position and the impact of factors like exchange rates, global demand, and trade policies.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Austria (AUTEXPORTQDSMEI), retrieved from FRED.