National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Spain
Euro, Annual
NAEXKP03ESA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
239,033,000,000.00
Year-over-Year Change
8.14%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the average annual exchange rate between the euro and the U.S. dollar. This key economic indicator is vital for understanding international trade, financial markets, and the relative strength of currencies.
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 Euro, Annual series tracks the yearly average value of the euro against the U.S. dollar. This exchange rate is a crucial metric for multinational firms, policymakers, and analysts assessing the competitiveness of Eurozone economies in global markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The euro-dollar exchange rate is closely monitored by central banks, trade organizations, and investors to gauge economic conditions and inform policy decisions.
Key Facts
- The euro was introduced in 1999.
- The euro is the second most traded currency after the U.S. dollar.
- The euro-dollar exchange rate impacts the competitiveness of Eurozone exports.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the yearly average exchange rate between the euro and the U.S. dollar, a key indicator of the relative strength of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is vital for understanding international trade, capital flows, and the competitiveness of Eurozone economies. It informs decision-making for firms, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Central banks, trade organizations, and analysts closely monitor the euro-dollar exchange rate to gauge economic conditions and inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published with a short delay, typically within a few months of the end of the calendar year.
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Harmonized Index of Consumer Prices: Services Related to Housing for Spain
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Production: Manufacturing: Consumer Goods: Total for Spain
ESPPRMNCG01IXOBSAQ
Remittance Inflows to GDP for Spain
DDOI11ESA156NWDB
Balance of Payments: Services: Expenditure for Spain
ESPB6DBSE01NCCUQ
Bank's Net Interest Margin for Spain
DDEI01ESA156NWDB
Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP03ESA652S), retrieved from FRED.