National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Sweden
Index 2015=100, Annual
NAEXKP04SEA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.11
Year-over-Year Change
53.00%
Date Range
1/1/1960 - 1/1/2022
Summary
This annual index measures the change in nominal effective exchange rate of the U.S. dollar against a broad basket of currencies. It is an important indicator of U.S. 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 represents the value of the U.S. dollar relative to the currencies of major U.S. trading partners, weighted by their share of trade. It is used to assess the strength of the dollar and the impact on exports, imports, and overall economic performance.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and trade volumes.
Historical Context
Policymakers and analysts monitor the NEER index to understand the international purchasing power of the U.S. dollar and its effects on the trade balance and domestic inflation.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- The NEER index reached a high of 108.72 in 2022.
- A higher NEER indicates a stronger U.S. dollar versus trading partners.
FAQs
Q: What does this economic trend measure?
A: The Nominal Effective Exchange Rate (NEER) index measures the value of the U.S. dollar against a basket of major currencies, weighted by trade volumes.
Q: Why is this trend relevant for users or analysts?
A: The NEER index is an important indicator of the dollar's strength and U.S. international trade competitiveness, which has implications for exports, imports, and domestic inflation.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the NEER index based on exchange rates and trade volumes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the NEER index to understand the dollar's purchasing power and its effects on the trade balance and domestic inflation, informing decisions around monetary and trade policy.
Q: Are there update delays or limitations?
A: The NEER index is published annually with no significant update delays, but it may not capture short-term currency fluctuations.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP04SEA661S), retrieved from FRED.