Exports: Value Goods for the European Union
Growth Rate Previous Period, Annual, Not Seasonally Adjusted
XTEXVA01EUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.03
Year-over-Year Change
-118.43%
Date Range
1/1/2000 - 1/1/2019
Summary
This economic trend measures the annual growth rate of exports from the European Union, providing insight into the bloc's international trade 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 growth rate previous period, annual, not seasonally adjusted series tracks the year-over-year change in the value of EU exports. It is a key indicator of the EU's trade dynamics and global competitiveness.
Methodology
The data is collected through official customs and statistical reporting channels.
Historical Context
Economists and policymakers use this metric to assess the EU's trade position and make informed decisions about policies affecting international commerce.
Key Facts
- The EU is the world's largest exporter of goods and services.
- Exports account for over 30% of the EU's total economic output.
- Export growth is a key driver of the EU's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual growth rate of exports from the European Union, providing insight into the bloc's international trade performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the EU's trade dynamics and global competitiveness, which are important factors for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through official customs and statistical reporting channels.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the EU's trade position and make informed decisions about policies affecting international commerce.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the nature of international trade statistics.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (XTEXVA01EUA657S), retrieved from FRED.