Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Austria
CCRETT02ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.11
Year-over-Year Change
9.57%
Date Range
1/1/1970 - 4/1/2025
Summary
This trend measures the real effective exchange rate of the Austrian currency based on unit labor costs. It provides insights into the country's international competitiveness and can inform economic policy decisions.
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 real effective exchange rate (REER) is an important indicator of a country's international trade and competitiveness. This REER series for Austria specifically uses unit labor costs as the basis for the calculation, reflecting how changes in relative labor productivity and wages impact the country's trade position.
Methodology
The data is calculated by the Federal Reserve using exchange rate and labor cost data from official sources.
Historical Context
Policymakers and analysts use this REER trend to assess Austria's macroeconomic performance and trade dynamics.
Key Facts
- Austria is a major exporter in the Eurozone.
- REER trends can signal changes in a country's trade balance.
- Unit labor costs are a key driver of international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real effective exchange rate (REER) of the Austrian currency, which reflects the country's international competitiveness based on unit labor costs.
Q: Why is this trend relevant for users or analysts?
A: The REER is an important indicator of a country's trade dynamics and macroeconomic performance. Tracking Austria's REER can provide insights into the nation's international competitiveness.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this REER series using official exchange rate and labor cost data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this REER trend to assess Austria's trade position and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into Austria's real effective exchange rate.
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Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Austria (CCRETT02ATQ661N), retrieved from FRED.