Real Imports of Goods and Services for Australia
NMRSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156,595.00
Year-over-Year Change
17.02%
Date Range
7/1/1959 - 1/1/2025
Summary
This economic trend measures the volume of real imports of goods and services for Australia. It is a key indicator of the country's international trade and economic activity.
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 Imports of Goods and Services for Australia metric tracks the inflation-adjusted value of all imported products and services. It provides insights into Australia's international trade dynamics and consumer demand for foreign goods.
Methodology
The data is calculated by the Australian Bureau of Statistics based on surveys of businesses and trade statistics.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to assess Australia's economic performance and trade balance.
Key Facts
- Australia is one of the world's largest importers of goods and services.
- Real imports have grown steadily in Australia over the past decade.
- Import volumes are closely tied to the strength of the Australian dollar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted volume of all goods and services imported into Australia. It provides a gauge of the country's international trade activity and consumer demand for foreign products.
Q: Why is this trend relevant for users or analysts?
A: The Real Imports of Goods and Services for Australia is a key indicator of the country's economic performance and trade balance. It is closely monitored by policymakers, economists, and market analysts to assess consumer demand and the strength of the Australian dollar.
Q: How is this data collected or calculated?
A: The data is calculated by the Australian Bureau of Statistics based on surveys of businesses and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Australia's trade position, gauge consumer demand, and inform decisions on monetary and fiscal policies that can impact the country's international commerce.
Q: Are there update delays or limitations?
A: The Real Imports of Goods and Services for Australia data is published quarterly with a delay of approximately 3 months. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Real Imports of Goods and Services for Australia (NMRSAXDCAUQ), retrieved from FRED.