International Merchandise Trade Statistics: Exports: Commodities for Hungary
Growth rate same period previous year, Annual, Seasonally Adjusted
XTEXVA01HUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.74
Year-over-Year Change
-51.51%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic indicator measures the year-over-year growth rate of exports of goods and services, adjusted for seasonal variations. It provides insights into the performance and momentum of the U.S. export 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 tracks the annual percent change in U.S. exports compared to the same period in the prior year. This metric is widely used by economists and policymakers to analyze trade dynamics, gauge the international competitiveness of American businesses, and inform decisions around trade policy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and trade statistics.
Historical Context
Trends in exports growth are closely monitored by the Federal Reserve and other institutions to assess the health of the U.S. economy and the nation's trade position.
Key Facts
- Exports account for over 12% of U.S. GDP.
- The export growth rate averaged 4.6% annually from 2010-2019.
- Export growth turned negative in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in the value of U.S. exports of goods and services, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Exports growth is a key indicator of the performance and competitiveness of the U.S. economy in global trade. It provides insights into trade dynamics that inform economic policymaking and business strategy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of businesses and trade statistics.
Q: How is this trend used in economic policy?
A: Trends in exports growth are closely monitored by the Federal Reserve and other institutions to assess the health of the U.S. economy and inform decisions around trade policy and international economic strategy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2-3 months. There may be revisions to previously reported figures as more complete information becomes available.
Related Trends
Central Bank Assets to GDP for Hungary
DDDI06HUA156NWDB
Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for Hungary
LFWATTMAHUA647N
Liquid Liabilities to GDP for Hungary
DDDI05HUA156NWDB
International Trade: Exports: Value (Goods): Total for Hungary
XTEXVA01HUA188S
Labor Compensation: Earnings: Manufacturing: Hourly for Hungary
HUNLCEAMN01GPSAM
Harmonized Index of Consumer Prices: Vegetables for Hungary
CP0117HUM086NEST
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTEXVA01HUA659S), retrieved from FRED.