International Trade: Imports: Value (Goods): Total for Austria
XTIMVA01ATQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.43
Year-over-Year Change
9.49%
Date Range
1/1/1995 - 7/1/2023
Summary
This trend measures the total value of imported goods in Austria. It is a key indicator of a country's 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 International Trade: Imports: Value (Goods): Total for Austria metric tracks the monetary value of all goods imported into Austria from other countries. This data provides insights into Austria's trade balance, consumer demand, and participation in global supply chains.
Methodology
The data is collected and reported by the Austrian Central Statistical Office.
Historical Context
Policymakers and analysts use this metric to assess Austria's trade position and make informed decisions regarding trade, tariff, and economic policies.
Key Facts
- Austria is a major trading partner within the European Union.
- Imports account for around 50% of Austria's gross domestic product.
- The value of Austria's imports has steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods imported into Austria from other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Austria's trade balance, consumer demand, and participation in global supply chains, which are important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Austrian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Austria's trade position and make informed decisions regarding trade, tariff, and economic policies.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a short delay in reporting.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Austria (XTIMVA01ATQ188S), retrieved from FRED.