Nominal Total Credit to General Government, Adjusted for Breaks, for Portugal
Billions of Euro
QPTGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
270.72
Year-over-Year Change
0.55%
Date Range
1/1/2000 - 10/1/2024
Summary
The 'Billions of Euro' trend measures the total value of goods and services produced in euro-denominated economies. It is a key indicator of economic growth and performance for policymakers and analysts.
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 represents the total nominal gross domestic product (GDP) in billions of euros across the euro area. GDP is the most comprehensive measure of a country or region's economic activity and is widely used to gauge overall economic health and development.
Methodology
The data is collected and calculated by Eurostat, the statistical office of the European Union.
Historical Context
Economists and policymakers closely monitor the 'Billions of Euro' trend to assess macroeconomic conditions and inform fiscal and monetary policy decisions.
Key Facts
- The euro area includes 19 of the 27 European Union member states.
- GDP is the broadest measure of a region's economic output.
- Nominal GDP does not account for inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Euro' trend measures the total nominal gross domestic product (GDP) across the euro area, which represents the market value of all goods and services produced in those economies.
Q: Why is this trend relevant for users or analysts?
A: GDP is the primary indicator of economic growth and performance, so the 'Billions of Euro' trend is crucial for policymakers, economists, and market analysts to assess the overall health of the Eurozone economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks, governments, and international organizations closely monitor the 'Billions of Euro' trend to inform fiscal and monetary policy decisions aimed at promoting economic stability and growth in the Eurozone.
Q: Are there update delays or limitations?
A: The 'Billions of Euro' data is published quarterly by Eurostat, with some potential for minor revisions to previous periods.
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Citation
U.S. Federal Reserve, Billions of Euro (QPTGANXDCA), retrieved from FRED.