National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Ireland
Growth rate previous period, Quarterly
NAEXKP06IEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.61
Year-over-Year Change
200.51%
Date Range
4/1/1997 - 1/1/2025
Summary
The 'Growth rate previous period, Quarterly' measures the quarter-over-quarter growth rate of real net exports of goods and services. This metric is crucial for analyzing the dynamics of international trade and a country's economic health.
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
This economic trend represents the quarterly percent change in real net exports, which are the total value of a country's exports minus its imports. It provides insights into the balance of trade and the ability of domestic producers to compete globally.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly GDP estimates.
Historical Context
Policymakers and economists monitor this indicator to assess the impact of trade policies, exchange rates, and global economic conditions on a country's external sector performance.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- Net exports contributed negatively to GDP growth in 2022.
- China is the largest trading partner for the U.S.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' measures the quarter-over-quarter percent change in real net exports of goods and services for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the balance of trade and the competitiveness of domestic producers in global markets, which are crucial factors for evaluating a country's economic performance and the potential impact of trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis as part of their quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess the impact of trade policies, exchange rates, and global economic conditions on a country's external sector performance, which can inform decisions on trade agreements, tariffs, and other policies.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a lag of approximately one month after the end of the reference period. There may be revisions to previously reported data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NAEXKP06IEQ657S), retrieved from FRED.