Nominal Exports of Services for Australia
NXSNSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,782.00
Year-over-Year Change
116.13%
Date Range
7/1/1971 - 1/1/2025
Summary
The Nominal Exports of Services for Australia measures the total value of services exported from Australia to other countries. This metric is a key indicator of Australia's international trade and economic 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 Nominal Exports of Services for Australia represents the monetary value of services sold by Australian companies to foreign buyers. This includes travel, transportation, financial, and other professional services. Economists and policymakers use this data to analyze Australia's export competitiveness and trade balance.
Methodology
The data is collected by the Australian Bureau of Statistics through surveys of domestic service providers.
Historical Context
Policymakers use this metric to inform trade, economic, and regulatory decisions that impact Australia's service exports.
Key Facts
- Australia is a major exporter of services globally.
- Services account for over 70% of Australia's GDP.
- Tourism and financial services are key Australian export industries.
FAQs
Q: What does this economic trend measure?
A: The Nominal Exports of Services for Australia measures the total monetary value of services sold by Australian companies to foreign buyers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Australia's international trade competitiveness and the health of its services-oriented economy.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys of domestic service providers.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform trade, economic, and regulatory decisions that impact Australia's service exports.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short lag, providing timely insight into Australia's service trade.
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Citation
U.S. Federal Reserve, Nominal Exports of Services for Australia (NXSNSAXDCAUQ), retrieved from FRED.