Gross Domestic Product by Expenditure in Constant Prices: Government Final Consumption Expenditure for the European Union
Index 2015=100, Quarterly, Seasonally Adjusted
NAEXKP03EUQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.29
Year-over-Year Change
4.95%
Date Range
1/1/1995 - 10/1/2019
Summary
This economic indicator measures the nominal effective exchange rate index for the European Union, with 2015 as the base year. It is a key metric for analyzing exchange rate dynamics and their impact on international trade and competitiveness.
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 nominal effective exchange rate (NEER) index tracks the weighted average of a country's currency in relation to a basket of other major currencies. This helps economists and policymakers assess a country's international price competitiveness and trade balance.
Methodology
The data is calculated by the Federal Reserve based on exchange rate information and trade weights.
Historical Context
Movements in the NEER index are closely monitored by central banks and finance ministries as they inform decisions on monetary and trade policy.
Key Facts
- The index is rebased to 100 for the year 2015.
- It covers the trade-weighted exchange rate for the European Union.
- Seasonally adjusted data is published on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the nominal effective exchange rate index for the European Union, which measures the weighted average of the EU's currency in relation to a basket of other major currencies.
Q: Why is this trend relevant for users or analysts?
A: Movements in the NEER index are an important metric for assessing a country's international price competitiveness and trade balance, which inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rate information and trade weights.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor the NEER index to inform decisions on monetary and trade policy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a seasonal adjustment.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (NAEXKP03EUQ661S), retrieved from FRED.