Balance of Payments BPM6: Current Account Debits: Goods: Total Debits for the Euro Area (19 Countries)
US Dollars, sum over component sub-periods, Not Seasonally Adjusted
EA19B6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
779,395,650,925.03
Year-over-Year Change
34.22%
Date Range
1/1/1999 - 10/1/2022
Summary
This economic trend measures the total US dollar amount exchanged across component sub-periods. It provides insights into currency trading activity and demand for the US dollar.
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 'US Dollars, sum over component sub-periods, Not Seasonally Adjusted' trend tracks the total US dollar volume transacted over various time intervals. This metric is widely used by economists and financial analysts to gauge overall market liquidity and currency market dynamics.
Methodology
The data is collected and reported by the US Federal Reserve.
Historical Context
This trend is closely monitored by policymakers and market participants to understand currency market conditions.
Key Facts
- The US dollar is the world's primary reserve currency.
- Currency trading is a key function of global financial markets.
- Monitoring total US dollar flows provides insights into market liquidity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total US dollar amount exchanged across various time periods, providing insights into currency trading activity and demand for the US dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and financial analysts to gauge overall market liquidity and currency market dynamics, which is crucial for understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the US Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and market participants to understand currency market conditions and inform decisions related to monetary policy and financial market regulation.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve, so it may be subject to the same update schedules and limitations as other government economic statistics.
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Citation
U.S. Federal Reserve, 'US Dollars, sum over component sub-periods, Not Seasonally Adjusted' (EA19B6DBTD01CXCUQ), retrieved from FRED.