Total Credit to General Government, Adjusted for Breaks, for Ireland
Billions of Euro
QIEGAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205.29
Year-over-Year Change
-19.28%
Date Range
10/1/1998 - 10/1/2024
Summary
The 'Billions of Euro' trend measures the total value of Euros in circulation outside the euro area, providing insights into global Euro usage and demand.
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 indicator tracks the amount of Euro currency held outside the Eurozone, such as by individuals, businesses, and central banks globally. It offers valuable data on the international role and acceptance of the Euro.
Methodology
The data is collected and calculated by the European Central Bank based on quarterly reporting from national central banks.
Historical Context
Policymakers and analysts use this metric to assess the Euro's status as a global reserve currency and international medium of exchange.
Key Facts
- The Euro is the second most widely used currency globally after the U.S. dollar.
- Euros held outside the Eurozone reached a record high of €876 billion in Q4 2021.
- Around 25% of total Euro currency is circulated outside the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Euro' metric tracks the total value of Euro currency circulating outside the Eurozone, providing insights into global Euro usage and demand.
Q: Why is this trend relevant for users or analysts?
A: This indicator offers important data on the international role and acceptance of the Euro, which is crucial for policymakers and analysts assessing the Euro's status as a global reserve currency.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank based on quarterly reporting from national central banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the Euro's status as an international medium of exchange and its usage outside the Eurozone.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a several-month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Billions of Euro (QIEGAMXDCA), retrieved from FRED.