National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Austria
Euro, Annual
NAEXKP02ATA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192,283,619,437.00
Year-over-Year Change
8.77%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the annual exchange rate between the U.S. dollar and the euro. It is a key indicator for analyzing trade and capital flows between the U.S. and European economies.
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 Euro, Annual series tracks the yearly average exchange rate between the U.S. dollar and the euro. This metric is widely used by economists, policymakers, and market analysts to assess the relative strength of the two currencies and its impact on international trade, investment, and financial markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Euro, Annual exchange rate is a crucial input for evaluating economic performance, competitiveness, and policy decisions.
Key Facts
- The euro was introduced in 1999 and became the official currency of the Eurozone in 2002.
- The Euro, Annual series has been tracked by the Federal Reserve since 1999.
- The euro-dollar exchange rate is a key indicator of the relative economic strength between the U.S. and Eurozone.
FAQs
Q: What does the Euro, Annual trend measure?
A: The Euro, Annual trend measures the yearly average exchange rate between the U.S. dollar and the euro. It tracks the relative value of the two currencies.
Q: Why is the Euro, Annual trend relevant for users or analysts?
A: The Euro, Annual exchange rate is a crucial indicator for assessing trade, investment, and financial linkages between the U.S. and European economies.
Q: How is the Euro, Annual data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is the Euro, Annual trend used in economic policy?
A: The Euro, Annual exchange rate is a key input for policymakers, central banks, and market participants when evaluating economic performance, competitiveness, and policy decisions.
Q: Are there update delays or limitations for the Euro, Annual data?
A: The Euro, Annual data is published by the Federal Reserve with minimal delays, providing timely insights on the U.S. dollar-euro exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP02ATA189S), retrieved from FRED.