National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7
G7NAEXKP06IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.33
Year-over-Year Change
8.61%
Date Range
1/1/1962 - 1/1/2018
Summary
This economic trend measures the real value of exports of goods and services for the G7 countries, a key indicator of international trade and economic openness.
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 G7 Exports of Goods and Services indicator tracks the volume of exported products and services across the seven largest advanced economies. It is an important gauge of global trade patterns and competitiveness.
Methodology
The data is calculated based on national account statistics reported by each G7 member country.
Historical Context
Analysts and policymakers monitor this metric to assess trade policies and the health of the global economy.
Key Facts
- The G7 countries account for over 30% of global GDP.
- Exports make up about 30% of total G7 economic output.
- G7 exports have grown over 50% in real terms since 2000.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real (inflation-adjusted) value of exported goods and services across the seven largest advanced economies, known as the G7.
Q: Why is this trend relevant for users or analysts?
A: G7 exports are a crucial barometer of international trade and economic integration, providing insights into the competitiveness and openness of the world's major industrialized nations.
Q: How is this data collected or calculated?
A: The data is compiled from national account statistics reported by each of the G7 member countries.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor G7 exports to assess the impacts of trade policies, exchange rates, and other factors on global commerce and economic growth.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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G7LREM24MASTSAQ
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Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for G7
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Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for G7
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Balance of Payments: Capital Account: Revenue for G7
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Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for G7
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7 (G7NAEXKP06IXOBSAQ), retrieved from FRED.