National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Slovak Republic
Index 2015=100, Annual
NAEXKP06SKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.96
Year-over-Year Change
74.05%
Date Range
1/1/1997 - 1/1/2022
Summary
The 'Index 2015=100, Annual' series measures the real effective exchange rate of the U.S. dollar, adjusted for inflation, on an annual basis. This key economic indicator is crucial for assessing the international competitiveness of the U.S. economy.
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 real effective exchange rate (REER) index tracks the value of the U.S. dollar against a basket of currencies, weighted by trading volume. Economists and policymakers use this data to evaluate the dollar's purchasing power and the nation's trade dynamics.
Methodology
The Federal Reserve calculates the REER index using exchange rate and price data.
Historical Context
The REER index is a vital input for trade policy, international investment, and macroeconomic analysis.
Key Facts
- The base year for the index is 2015 = 100.
- The index reflects the U.S. dollar's value against 26 major trading partners.
- A rising index indicates the dollar is strengthening relative to other currencies.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' series measures the real effective exchange rate (REER) of the U.S. dollar, which tracks the dollar's value against a basket of currencies weighted by trade volume.
Q: Why is this trend relevant for users or analysts?
A: The REER index is a crucial indicator of the U.S. economy's international competitiveness, informing trade policy, investment decisions, and macroeconomic analysis.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the REER index using exchange rate and price data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the REER index to evaluate the dollar's purchasing power and the nation's trade dynamics, which informs decisions on trade policy, international investment, and macroeconomic management.
Q: Are there update delays or limitations?
A: The REER index data is published annually with no significant update delays, providing a reliable long-term view of the dollar's real effective exchange rate.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP06SKA661S), retrieved from FRED.