Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for NAFTA
NAFTALORSGPRTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.30
Year-over-Year Change
0.76%
Date Range
3/1/1947 - 8/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for NAFTA measures the relationship between the economic activity in North America and its long-term trend. This leading indicator is used by policymakers and analysts to assess the region's economic outlook.
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
This economic trend represents the ratio of the reference series (GDP) to its long-term trend for the NAFTA (North American Free Trade Agreement) region. It provides insight into the business cycle and helps identify turning points in the economy.
Methodology
The data is calculated by the OECD using standardized procedures for composite leading indicators.
Historical Context
This indicator is closely monitored by policymakers, economists, and market participants to gauge the state of the North American economy.
Key Facts
- The NAFTA region includes Canada, Mexico, and the United States.
- Values above 1 indicate economic activity above the long-term trend.
- This indicator helps predict turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of the reference series (GDP) to its long-term trend for the NAFTA region, providing insight into the business cycle and economic outlook.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is closely monitored by policymakers, economists, and market participants to assess the state of the North American economy and identify potential turning points in the business cycle.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using standardized procedures for composite leading indicators.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, central banks, and other institutions to assess the economic conditions and outlook for the NAFTA region, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with potential delays due to the time required for data collection and processing.
Related Trends
Composite Leading Indicators: Reference Series (GDP) Normalized for NAFTA
NAFTALORSGPNOSTSAM
U.S. Imports of Goods by Customs Basis from NAFTA with Mexico (Consumption)
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Leading Indicators OECD: Leading Indicators: Composite Leading Indicator: Amplitude Adjusted for NAFTA
NAFTALOLITOAASTSAM
Composite Leading Indicators: Reference Series (GDP) Trend for NAFTA
NAFTALORSGPTDSTSAM
U.S. Exports of Goods by F.A.S. Basis to NAFTA with Canada (Consumption)
EXP0006
U.S. Exports of Goods by F.A.S. Basis to NAFTA with Mexico (Consumption)
EXP0005
Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for NAFTA (NAFTALORSGPRTSTSAM), retrieved from FRED.