International Trade: Imports: Value (goods): Total for the European Union
National currency, monthly level, Monthly, Not Seasonally Adjusted
EU28XTIMVA01NCMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
458,905,000,000.00
Year-over-Year Change
-1.68%
Date Range
1/1/1999 - 1/1/2020
Summary
This trend measures the monthly level of the national currency, providing insights into the stability and purchasing power of a country's currency over time.
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 level is a key economic indicator that reflects a country's monetary policy, international trade, and overall economic health. Analyzing fluctuations in this metric can help economists and policymakers assess macroeconomic trends and make informed decisions.
Methodology
The data is collected by national statistical agencies and central banks.
Historical Context
Tracking the national currency level is crucial for understanding a country's competitiveness, inflation, and potential exchange rate interventions.
Key Facts
- The national currency level is measured in the local currency unit.
- This trend is published monthly by national statistical agencies.
- Fluctuations in the national currency level can impact a country's trade balance and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of a country's national currency, providing insights into its stability and purchasing power over time.
Q: Why is this trend relevant for users or analysts?
A: Tracking the national currency level is crucial for understanding a country's macroeconomic conditions, including its competitiveness, inflation, and potential exchange rate interventions.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and central banks.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze fluctuations in the national currency level to assess a country's monetary policy, international trade, and overall economic health, and make informed decisions accordingly.
Q: Are there update delays or limitations?
A: The national currency level data is published monthly, with minimal delays, providing timely insights for users and analysts.
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Citation
U.S. Federal Reserve, National currency, monthly level, Monthly, Not Seasonally Adjusted (EU28XTIMVA01NCMLM), retrieved from FRED.