Balance of payments BPM6: Current account Debits: Services: Total Debits for the European Union
National currency, sum over component sub-periods, Not Seasonally Adjusted
EU28B6DBSE01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
251,250,500,000.00
Year-over-Year Change
27.45%
Date Range
1/1/1999 - 10/1/2019
Summary
This trend measures the total national currency values over component sub-periods in the European Union, without seasonal adjustments. It provides insight into the underlying currency flows and economic activity.
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 National currency, sum over component sub-periods, Not Seasonally Adjusted trend represents the aggregate value of national currencies across the European Union, calculated without accounting for seasonal variations. This data is widely used by economists and policymakers to analyze broader economic trends and monetary conditions.
Methodology
The data is collected and calculated by the European Central Bank based on reports from member states.
Historical Context
This trend is closely monitored by financial institutions, central banks, and economic analysts to inform policy decisions and market assessments.
Key Facts
- The EU28 region comprises 28 member states.
- National currency values are summed over sub-periods.
- Data is reported without seasonal adjustments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of national currencies across the European Union, aggregated over component sub-periods and reported without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the underlying monetary flows and economic activity in the EU, which is crucial for informing policy decisions and market assessments.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank based on reports from member states.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by financial institutions, central banks, and economic analysts to inform policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is reported regularly by the European Central Bank, but there may be some delays or limitations in the reporting from member states.
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Citation
U.S. Federal Reserve, National currency, sum over component sub-periods, Not Seasonally Adjusted (EU28B6DBSE01NCCUQ), retrieved from FRED.