International Merchandise Trade Statistics: Exports: Commodities for Australia
Growth rate same period previous year, Annual, Seasonally Adjusted
XTEXVA01AUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.19
Year-over-Year Change
69.31%
Date Range
1/1/1959 - 1/1/2024
Summary
This economic trend measures the year-over-year growth rate of real exports. It is a key indicator of the health and competitiveness of a country's international trade sector.
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 growth rate same period previous year for real exports provides insight into the trajectory of a nation's export activity. Economists and policymakers analyze this metric to assess the strength of external demand and international competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using seasonal adjustment techniques.
Historical Context
This trend is closely monitored by trade analysts, central banks, and government agencies to inform economic forecasting and policy decisions.
Key Facts
- Real exports account for over 12% of U.S. GDP.
- The growth rate reached a high of 15.2% in 2010.
- Export growth is a crucial driver of overall economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the volume of real exports from the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking the growth rate of exports is important for evaluating the strength of external demand and a country's international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using seasonal adjustment techniques.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor export growth to inform trade policy, monetary policy, and overall economic forecasting and planning.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months and may be subject to periodic revisions by the statistical agency.
Related Trends
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NMSAXDCAUQ
Infra-Annual Labor Statistics: Employment Total: 15 Years or over for Australia
LFEMTTTTAUM647S
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LFEM24MAAUQ647N
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Real Statistical Discrepancy for Australia
NSDGDPRSAXDCAUQ
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AUSGDPDEFQISMEI
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTEXVA01AUA659S), retrieved from FRED.