National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Austria
Euro, Annual
NAEXKP03ATA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,733,609,774.00
Year-over-Year Change
15.75%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the average annual exchange rate between the U.S. dollar and the euro, providing insights into currency market dynamics and international trade flows.
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 average exchange rate between the U.S. dollar and the euro over a 12-month period. This exchange rate is a key indicator of the relative strength of the two currencies and can impact international trade, investment decisions, and economic policy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using exchange rate information from foreign exchange markets.
Historical Context
This exchange rate trend is closely monitored by policymakers, economists, and market analysts to assess economic conditions and guide decision-making.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 EU member states.
- The U.S. dollar is the world's most traded and held foreign currency.
- Exchange rates fluctuate daily based on supply, demand, and other economic factors.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the average annual exchange rate between the U.S. dollar and the euro currency.
Q: Why is this trend relevant for users or analysts?
A: The dollar-euro exchange rate is a key indicator of the relative strength of the two currencies, which impacts international trade, investment, and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using information from foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor the Euro, Annual trend to assess economic conditions and guide decision-making.
Q: Are there update delays or limitations?
A: The Euro, Annual data is reported with a short delay to account for the 12-month averaging period.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP03ATA189S), retrieved from FRED.