National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Norway
Norwegian Krone, Quarterly
NAEXKP01NOQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,110,226,000,000.00
Year-over-Year Change
6.74%
Date Range
1/1/1978 - 7/1/2023
Summary
This trend measures the quarterly exchange rate of the Norwegian krone against the U.S. dollar. It is a key indicator of Norway's international trade and competitiveness.
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 Norwegian krone (NOK) is the official currency of Norway. This quarterly series tracks the exchange rate between the NOK and the U.S. dollar, providing insight into Norway's economic performance and global market positioning.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this exchange rate data to assess Norway's trade balance, inflationary pressures, and overall economic health.
Key Facts
- Norway is the world's 9th largest economy by GDP.
- The Norwegian krone is one of the most actively traded currencies globally.
- Norway's economy is heavily dependent on exports, particularly of oil and gas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly exchange rate of the Norwegian krone against the U.S. dollar, providing insight into Norway's international trade and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The Norwegian krone exchange rate is a key indicator of Norway's economic performance and can be used to assess the country's trade balance, inflationary pressures, and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate data to evaluate Norway's trade balance, competitiveness, and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and there may be slight delays in availability compared to real-time exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Norwegian Krone, Quarterly (NAEXKP01NOQ189S), retrieved from FRED.