Nominal Total Credit to General Government, Adjusted for Breaks, for Spain
Billions of Euro
QESGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,620.60
Year-over-Year Change
13.38%
Date Range
1/1/1995 - 10/1/2024
Summary
The 'Billions of Euro' trend measures the value of the Euro currency in billions. This metric is crucial for analyzing international trade, exchange rates, and the overall strength of the European 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 'Billions of Euro' series tracks the total value of the Euro currency in billions. This provides a high-level indicator of the size and significance of the Euro in global financial markets and economic activity.
Methodology
The data is collected and reported by the European Central Bank.
Historical Context
Policymakers and economists closely monitor the 'Billions of Euro' trend to understand the Euro's role in international commerce and the health of the Eurozone economy.
Key Facts
- The Euro is the second most traded currency in the world after the U.S. Dollar.
- The Eurozone economy accounts for about 15% of global GDP.
- Over 20 countries use the Euro as their official currency.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Euro' trend measures the total value of the Euro currency in billions. This provides a high-level indicator of the size and importance of the Euro in global financial markets and economic activity.
Q: Why is this trend relevant for users or analysts?
A: The 'Billions of Euro' trend is crucial for analyzing international trade, exchange rates, and the overall strength of the European economy. Policymakers and economists closely monitor this metric to understand the Euro's role in global commerce.
Q: How is this data collected or calculated?
A: The data is collected and reported by the European Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the 'Billions of Euro' trend to gauge the health of the Eurozone economy and the Euro's global influence. It informs decisions related to international trade, monetary policy, and financial regulations.
Q: Are there update delays or limitations?
A: The 'Billions of Euro' data is released regularly by the European Central Bank with minimal delays, providing timely insights into the size and significance of the Euro currency.
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Citation
U.S. Federal Reserve, Billions of Euro (QESGANXDCA), retrieved from FRED.