National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Norway
Index 2015=100, Annual
NAEXKP04NOA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.34
Year-over-Year Change
42.77%
Date Range
1/1/1978 - 1/1/2022
Summary
This economic trend measures the annual national accounts-based real effective exchange rate index for Norway. It is a key indicator of Norway's international price competitiveness and trade performance.
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) index tracks the value of Norway's currency against a basket of trading partners' currencies, adjusted for inflation. It is used to assess Norway's export and import dynamics, as well as the overall strength of the Norwegian economy.
Methodology
The data is calculated based on exchange rates and consumer price indices from Norway and its major trading partners.
Historical Context
The REER index is closely monitored by Norwegian policymakers and international institutions to evaluate the country's macroeconomic and trade conditions.
Key Facts
- The base year for the index is 2015.
- Norway is a major exporter of oil, gas, and other commodities.
- The REER index helps assess Norway's global price competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual real effective exchange rate index for Norway, which tracks the value of the Norwegian krone against a basket of its trading partners' currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER index is a key indicator of Norway's international price competitiveness and trade performance, providing insights into the strength of the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates and consumer price indices from Norway and its major trading partners.
Q: How is this trend used in economic policy?
A: The REER index is closely monitored by Norwegian policymakers and international institutions to evaluate the country's macroeconomic and trade conditions.
Q: Are there update delays or limitations?
A: The data is provided on an annual basis, so it may not capture short-term fluctuations in the real effective exchange rate.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP04NOA661S), retrieved from FRED.