International Merchandise Trade Statistics: Trade Balance: Commodities for OECD
Quarterly, Seasonally Adjusted
OECDXTNTVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-393,276,700,000.00
Year-over-Year Change
-14.50%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted economic trend measures total national income in constant prices across OECD countries. It provides insights into economic growth and performance.
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 indicator represents the sum of value added by all resident producers in the economy, including agriculture, industry, and services, adjusted for seasonal fluctuations. It is a widely used metric for evaluating macroeconomic conditions.
Methodology
The data is collected and calculated by the OECD using national accounts statistics.
Historical Context
Policymakers and analysts rely on this indicator to assess the health and trajectory of OECD economies.
Key Facts
- Measured in constant prices to remove inflation effects.
- Covers 38 OECD member countries.
- Data available quarterly since 1970.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total national income across OECD countries, adjusted for seasonal variations. It provides a comprehensive view of economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key barometer of macroeconomic performance, allowing policymakers and economists to gauge the health and trajectory of OECD economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using national accounts statistics.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor this indicator to inform macroeconomic policies and assess the overall state of OECD economies.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of 2-3 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (OECDXTNTVA01CXMLSAQ), retrieved from FRED.