International Trade: Imports: Value (Goods): Total for Norway
XTIMVA01NOQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.44
Year-over-Year Change
-10.96%
Date Range
1/1/1978 - 7/1/2023
Summary
This economic trend measures the total value of goods imported into Norway, providing insight into 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 International Trade: Imports: Value (Goods): Total for Norway trend represents the monetary value of all goods imported into Norway from other countries. It is a key indicator of Norway's participation in global trade and can be used to assess the country's economic performance and trade balance.
Methodology
The data is collected by Norwegian statistical agencies and compiled by international organizations.
Historical Context
Policymakers and analysts use this trend to monitor Norway's trade relationships and make informed decisions about economic policy.
Key Facts
- Norway is a major trading nation, with imports making up a significant portion of its GDP.
- The value of Norway's imports has fluctuated over time, reflecting changes in global economic conditions.
- Monitoring import trends is crucial for understanding Norway's integration in the global economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods imported into Norway from other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Norway's participation in global trade and can be used to assess the country's economic performance and trade balance.
Q: How is this data collected or calculated?
A: The data is collected by Norwegian statistical agencies and compiled by international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Norway's trade relationships and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and compilation schedules of the relevant statistical agencies, which may result in occasional delays in updates.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Norway (XTIMVA01NOQ188S), retrieved from FRED.