National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for the Euro Area (19 Countries)
NAEXCP06EZQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,872,431,965,569.90
Year-over-Year Change
33.20%
Date Range
1/1/1995 - 1/1/2023
Summary
This economic trend measures the current price value of exports of goods and services for the Eurozone (19 countries). It is a key indicator of a country's international trade and economic 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
Exports of goods and services represent the value of all market goods and other services provided to the rest of the world. This metric is closely monitored by economists and policymakers to assess a country's trade balance, competitiveness, and overall economic health.
Methodology
The data is collected and calculated by Eurostat based on national accounts information.
Historical Context
Exports are a critical component of GDP and are closely watched for insights into a country's external demand and competitive position.
Key Facts
- Exports represent over 50% of Eurozone GDP.
- Germany is the largest exporter in the Eurozone.
- Exports declined sharply during the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current price value of exports of goods and services for the 19 countries that make up the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: Exports are a critical component of GDP and an important indicator of a country's trade balance, international competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor exports to assess a country's trade position, external demand, and overall economic health, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting due to the time required for national accounts compilation, but the Eurostat data is generally released on a timely basis.
Related Trends
Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Euro Area (19 Countries)
BVCICP02EZM460S
Harmonized Index of Consumer Prices: Overall Index Excluding Tobacco for Euro Area (18 countries)
00XTOBEZ18M086NEST
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Euro Area (19 Countries)
CSCICP03EZM665S
Inactive Population: Aged 15-74: All Persons for the Euro Area (19 Countries)
LFIN74TTEZQ647N
Harmonised Unemployment - Monthly Rates: Total: Males for the Euro Area (19 Countries)
LRHUTTMAEZQ156S
Harmonized Index of Consumer Prices: Domestic Services and Household Services for Kosovo
CP0562MI15XKM086NEST
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for the Euro Area (19 Countries) (NAEXCP06EZQ189S), retrieved from FRED.