Exports: Value Goods for the European Union
Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted
XTEXVA01EUM659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.55
Year-over-Year Change
-29.74%
Date Range
1/1/2000 - 1/1/2020
Summary
This economic trend measures the year-over-year growth rate of exports for the Euro area on a monthly basis, adjusted for seasonal factors. It provides insight into the dynamics of international trade and economic activity.
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 metric tracks the percent change in exports between the current month and the same month in the prior year. This allows analysts to identify underlying trends in trade flows, which can inform assessments of economic performance and policy decisions.
Methodology
The data is collected and calculated by Eurostat based on surveys of exporting firms.
Historical Context
This export growth metric is closely monitored by policymakers and market participants for its implications on the state of the Eurozone economy.
Key Facts
- Exports account for over 50% of Eurozone GDP.
- Eurozone export growth averaged 5.7% annually from 2010-2019.
- Export growth turned negative during the 2020 COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in exports for the Eurozone on a monthly basis, adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Export growth is a key indicator of economic activity and international trade dynamics, providing insight into the Eurozone's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on surveys of exporting firms in the Eurozone.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this export growth metric for its implications on the state of the Eurozone economy and to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by Eurostat with a typical lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly, Seasonally Adjusted (XTEXVA01EUM659S), retrieved from FRED.