National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for OECD
Index 2015=100
OECDNAEXKP06IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.18
Year-over-Year Change
17.35%
Date Range
1/1/1962 - 7/1/2023
Summary
The 'Index 2015=100' measures the nominal effective exchange rate of the U.S. dollar. This broad-based trade-weighted index is a key indicator of international price competitiveness for 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 nominal effective exchange rate (NEER) index tracks the value of the U.S. dollar against a basket of major trading partner currencies, weighted by trade volume. Economists and policymakers use this index to assess the international purchasing power and trade dynamics of the U.S. dollar.
Methodology
The data is calculated by the OECD based on exchange rate and trade flow information.
Historical Context
The NEER index provides important context for analyzing U.S. trade balances, inflation, and monetary policy.
Key Facts
- The base year for the index is 2015.
- Values above 100 indicate a stronger U.S. dollar.
- The index reached a high of 111.2 in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100' measures the nominal effective exchange rate (NEER) of the U.S. dollar, a broad trade-weighted index of the dollar's value against major trading partner currencies.
Q: Why is this trend relevant for users or analysts?
A: The NEER index is a key indicator of the U.S. dollar's international price competitiveness, which has important implications for trade balances, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on exchange rate and trade flow information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the NEER index to analyze the U.S. dollar's international purchasing power and trade dynamics, which informs decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The NEER index data is updated regularly by the OECD, but may have a short publication delay compared to real-time exchange rate movements.
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Citation
U.S. Federal Reserve, Index 2015=100 (OECDNAEXKP06IXOBSAQ), retrieved from FRED.