Balance of Payments: Goods: Expenditure for Luxembourg
LUXB6DBTD01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,173,492,000.00
Year-over-Year Change
-5.27%
Date Range
1/1/1995 - 10/1/2024
Summary
The Balance of Payments: Goods: Expenditure for Luxembourg measures the value of goods imported and consumed within the country, providing insight into its international trade and economic activity.
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
This economic indicator tracks the monetary value of goods purchased by Luxembourg from other countries, which is a key component of its overall balance of payments. It is used by economists and policymakers to analyze Luxembourg's trade dynamics and broader macroeconomic performance.
Methodology
The data is collected and reported by the Central Bank of Luxembourg based on surveys of businesses and customs records.
Historical Context
This metric is closely monitored by the European Central Bank and Luxembourg's government to inform trade, fiscal, and monetary policies.
Key Facts
- Luxembourg is a small, open economy highly dependent on international trade.
- Goods expenditure accounts for over 80% of Luxembourg's total balance of payments.
- Tracking this metric helps policymakers monitor Luxembourg's trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Goods: Expenditure for Luxembourg measures the total value of goods imported and consumed within the country, providing insight into its international trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to understand Luxembourg's trade balance, competitiveness, and broader macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Luxembourg based on surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: The Balance of Payments: Goods: Expenditure for Luxembourg is monitored by the European Central Bank and Luxembourg's government to inform trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is reported with a short lag, typically within a few months of the reference period, and provides a comprehensive view of Luxembourg's goods expenditure.
Related Trends
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Harmonized Index of Consumer Prices: Water Supply for Luxembourg
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Harmonized Index of Consumer Prices: Overall Index Excluding Energy for Luxembourg
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Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Luxembourg
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Gross Domestic Product Per Capita for Luxembourg
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Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Luxembourg (LUXB6DBTD01CXCUSAQ), retrieved from FRED.