National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Norway
Index 2015=100, Annual
NAEXKP01NOA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.69
Year-over-Year Change
21.79%
Date Range
1/1/1978 - 1/1/2022
Summary
The Index 2015=100, Annual measures the annual change in the real effective exchange rate of the U.S. dollar against a broad basket of currencies. This macroeconomic indicator is closely watched by economists and policymakers to assess the international competitiveness of the U.S. 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 real effective exchange rate (REER) is an inflation-adjusted measure of a country's currency value relative to its major trading partners. The Index 2015=100, Annual tracks the annual change in the U.S. REER, providing insights into the dollar's strength and the nation's trade dynamics.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and consumer price indices.
Historical Context
The REER index is a key input for analyzing trade balances, export/import trends, and the overall health of the U.S. economy.
Key Facts
- The U.S. REER index is benchmarked to 2015 = 100.
- A higher REER indicates the U.S. dollar is stronger relative to trading partners.
- The REER adjusts for inflation to measure real changes in the dollar's value.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual measures the annual change in the real effective exchange rate (REER) of the U.S. dollar against a broad basket of currencies.
Q: Why is this trend relevant for users or analysts?
A: The REER index is a key indicator of the U.S. dollar's international competitiveness, providing insights into trade dynamics, export/import trends, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates and consumer price indices.
Q: How is this trend used in economic policy?
A: The REER index is closely monitored by economists and policymakers to assess the U.S. economy's trade position and guide decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Index 2015=100, Annual data is published regularly by the Federal Reserve with minimal delays, providing a timely assessment of the U.S. dollar's international competitiveness.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP01NOA661S), retrieved from FRED.