National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Estonia
Index 2015=100, Annual
NAEXKP01EEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.57
Year-over-Year Change
46.83%
Date Range
1/1/1995 - 1/1/2022
Summary
The Index 2015=100, Annual series measures the annual change in the index of nominal effective exchange rates for the Euro area. This data provides insights into the competitiveness and trade dynamics of the Euro area economy.
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 nominal effective exchange rate index tracks the strength of the Euro relative to a basket of trading partner currencies. This measure is used by economists and policymakers to assess a country's international trade position and overall macroeconomic performance.
Methodology
The data is calculated by the Federal Reserve based on exchange rate information and trade weights.
Historical Context
The index is an important indicator for the European Central Bank and other institutions when evaluating monetary and fiscal policies.
Key Facts
- The index has a base year of 2015 = 100.
- The index tracks the Euro's value against 40 trading partner currencies.
- Increases in the index indicate a strengthening of the Euro.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual series measures the annual change in the nominal effective exchange rate for the Euro area.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the competitiveness and trade dynamics of the Euro area economy, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rate information and trade weights.
Q: How is this trend used in economic policy?
A: The nominal effective exchange rate index is an important indicator for the European Central Bank and other institutions when evaluating monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually without significant delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP01EEA661S), retrieved from FRED.