National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Luxembourg
LUXEXPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,608,865,000.00
Year-over-Year Change
29.74%
Date Range
1/1/1995 - 7/1/2023
Summary
This trend measures the current value of exports of goods and services for Luxembourg, a key indicator of the country's international trade 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 Exports of Goods and Services for Luxembourg metric tracks the total value of all goods and services sold by Luxembourg-based businesses to foreign buyers. It is an important component of the country's Gross Domestic Product (GDP) and a barometer of its export-oriented economy.
Methodology
The data is collected and reported by the National Institute of Statistics and Economic Studies of Luxembourg.
Historical Context
Economists and policymakers closely monitor this trend to assess Luxembourg's trade balance, international competitiveness, and overall macroeconomic performance.
Key Facts
- Luxembourg is a major global center for financial services and logistics.
- Exports account for over 200% of Luxembourg's GDP, one of the highest ratios worldwide.
- Key export sectors include metals, machinery, vehicles, and chemical products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current value of all goods and services exported from Luxembourg to foreign buyers, a key component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: The Exports of Goods and Services trend is a vital indicator of Luxembourg's trade balance, international competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Institute of Statistics and Economic Studies of Luxembourg.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess Luxembourg's trade position, guide trade and industrial policies, and evaluate the country's macroeconomic health.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Luxembourg (LUXEXPORTQDSMEI), retrieved from FRED.