National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Estonia
Index 2015=100, Quarterly
NAEXKP03EEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.15
Year-over-Year Change
3.31%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'Index 2015=100, Quarterly' series measures the quarterly real effective exchange rate index for the U.S. dollar. This metric is important for economists and policymakers to assess the international competitiveness of the U.S. economy.
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 real effective exchange rate (REER) index tracks the value of the U.S. dollar relative to a basket of other major currencies, adjusted for inflation. It provides insight into the international purchasing power and trade dynamics of the American economy.
Methodology
The data is calculated by the Federal Reserve using a trade-weighted average of foreign exchange rates.
Historical Context
The REER index is widely used by central banks, trade analysts, and international institutions to monitor exchange rate movements and their impacts on economic policy.
Key Facts
- The base year for the index is 2015 = 100.
- A rising index indicates a stronger U.S. dollar relative to trading partners.
- Quarterly data is available from 1973 to the present.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Quarterly' series tracks the real effective exchange rate (REER) of the U.S. dollar against a basket of major foreign currencies, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER index provides insight into the international competitiveness of the U.S. economy, which is crucial for trade, investment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the REER index using a weighted average of foreign exchange rates and adjusting for differences in inflation between the U.S. and its trading partners.
Q: How is this trend used in economic policy?
A: Central banks, trade analysts, and international institutions closely monitor the REER index to assess the impacts of exchange rate movements on the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The REER index data is published quarterly with minimal delays, providing timely information on the U.S. dollar's international purchasing power.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (NAEXKP03EEQ661S), retrieved from FRED.