National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for OECD
OECDNAEXKP07IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.08
Year-over-Year Change
18.83%
Date Range
1/1/1962 - 7/1/2023
Summary
This economic indicator measures the value of imported goods and services subtracted from GDP by expenditure, adjusted for inflation. It provides insights into the contribution of net trade to overall 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 'National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for OECD' series represents the real value of imports subtracted from GDP, which is a key component in understanding a country's trade balance and international competitiveness.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using national accounts methodology.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess the macroeconomic health and trade dynamics of OECD countries.
Key Facts
- Imports of goods and services subtract from a country's GDP.
- This trend shows the real value of imports, adjusted for inflation.
- Monitoring imports is crucial for understanding trade balances and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real value of imports of goods and services subtracted from GDP by expenditure for OECD countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into a country's trade balance and international competitiveness, which are key factors in evaluating macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using national accounts methodology.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts closely monitor this trend to assess the macroeconomic health and trade dynamics of OECD countries.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the OECD's national accounts reporting.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for OECD (OECDNAEXKP07IXOBSAQ), retrieved from FRED.