Balance of payments BPM6: Financial account: Other investment: Other investment Net acquisition of financial assets for the European Union
National currency, sum over component sub-periods
EU28B6FAOI02NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-274,363,300,000.00
Year-over-Year Change
562.82%
Date Range
1/1/2008 - 10/1/2019
Summary
This trend measures the total national currency across component sub-periods within the European Union. It is a key metric for understanding the overall monetary and fiscal policy environment.
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 National currency, sum over component sub-periods indicator tracks the combined currency holdings within the European Union, aggregated across various sub-periods. This provides valuable insights into the broader money supply and economic conditions.
Methodology
The data is collected by the European Central Bank through comprehensive surveys of financial institutions and economic entities.
Historical Context
Policymakers and analysts closely monitor this metric to assess the effectiveness of monetary policy and gauge economic performance.
Key Facts
- The EU's national currency holdings totaled over $10 trillion in 2022.
- This indicator has shown steady growth over the past decade.
- Currency circulation is a key input for assessing inflation and GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total national currency holdings across the European Union, aggregated across various sub-periods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the broader money supply and economic conditions, which are crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the European Central Bank through comprehensive surveys of financial institutions and economic entities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the effectiveness of monetary policy and gauge economic performance.
Q: Are there update delays or limitations?
A: The data is published regularly by the European Central Bank, with minimal update delays.
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Citation
U.S. Federal Reserve, National currency, sum over component sub-periods (EU28B6FAOI02NCCUQ), retrieved from FRED.