Real Exports of Goods and Services for Australia
NXRSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177,591.00
Year-over-Year Change
11.70%
Date Range
7/1/1959 - 1/1/2025
Summary
The 'Real Exports of Goods and Services for Australia' measures the volume of exports of goods and services from Australia, adjusted for inflation. This metric is crucial for understanding Australia's trade balance and competitiveness in global markets.
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 series represents the real (inflation-adjusted) value of all goods and services exported from Australia. It's an important indicator of the country's international trade performance and can signal shifts in demand for Australian products and services worldwide.
Methodology
The data is calculated by the Australian Bureau of Statistics using national accounts information.
Historical Context
Policy makers and analysts use this metric to assess Australia's trade position and the broader state of the Australian economy.
Key Facts
- Australia is one of the world's largest exporters of natural resources and agricultural products.
- Exports account for over 20% of Australia's GDP.
- Real exports have grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real, inflation-adjusted volume of all goods and services exported from Australia.
Q: Why is this trend relevant for users or analysts?
A: This export data is crucial for understanding Australia's trade balance, international competitiveness, and broader economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Australian Bureau of Statistics using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Australia's trade position and the overall state of the Australian economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, making it a timely indicator of Australia's trade activity.
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Citation
U.S. Federal Reserve, Real Exports of Goods and Services for Australia (NXRSAXDCAUQ), retrieved from FRED.