Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Austria
Billions of Euros
CRDQATAPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
640.77
Year-over-Year Change
3.06%
Date Range
10/1/1949 - 10/1/2024
Summary
The 'Billions of Euros' series measures the total value of euros in circulation. This metric is a key indicator of economic activity and money supply in the Eurozone.
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 'Billions of Euros' trend represents the total value of euro banknotes and coins in circulation across the Eurozone countries. This data provides insights into the overall money supply and liquidity in the European economy.
Methodology
The data is collected and calculated by the European Central Bank based on reports from national central banks.
Historical Context
Economists and policymakers use this metric to assess monetary policy, inflation, and broader macroeconomic conditions.
Key Facts
- The Eurozone has over €1.4 trillion euros in circulation as of 2022.
- Euro banknotes account for over 90% of the total currency in circulation.
- The 'Billions of Euros' metric has grown steadily since the euro's introduction in 1999.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Euros' series tracks the total value of euro banknotes and coins in circulation across the Eurozone countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the money supply, liquidity, and overall economic activity in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank based on reports from national central banks.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess monetary policy, inflation, and broader macroeconomic conditions in the Eurozone.
Q: Are there update delays or limitations?
A: The 'Billions of Euros' data is published regularly by the European Central Bank with minimal update delays.
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Citation
U.S. Federal Reserve, Billions of Euros (CRDQATAPABIS), retrieved from FRED.