National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Austria
NAEXKP06ATQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,902,080,314.00
Year-over-Year Change
22.88%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the volume of Austria's exports of goods and services, adjusted for inflation. It provides insights into the country's international trade performance and role in the global 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 Exports of Goods and Services for Austria metric is a component of the country's Gross Domestic Product (GDP) measured in constant prices. It tracks the real volume of exported products and services, offering a gauge of Austria's international competitiveness and export-driven economic growth.
Methodology
The data is collected and calculated by the Austrian statistical agency based on national accounts information.
Historical Context
Policymakers and economists use this metric to assess Austria's trade balance, export-led growth, and international competitiveness.
Key Facts
- Austria is a major exporter, with exports accounting for over 50% of its GDP.
- The exports of goods and services grew by 4.9% in 2021 after a pandemic-induced decline.
- Austria's top export partners are Germany, Italy, and Switzerland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real volume of Austria's exports of goods and services, adjusted for inflation. It provides insights into the country's international trade performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Austria's economic growth, trade balance, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Austrian statistical agency based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Austria's trade balance, export-led growth, and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Austria (NAEXKP06ATQ652S), retrieved from FRED.