Net Trade: Value Goods for the European Union
National currency, Monthly Level, Annual, Not Seasonally Adjusted
XTNTVA01EUA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,244,300,000.00
Year-over-Year Change
-139.69%
Date Range
1/1/1999 - 1/1/2019
Summary
This economic indicator tracks the national currency (euro) in circulation in the European Union on a monthly basis. It provides insights into the overall money supply and is a key measure for central bank policy and economic analysis.
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 currency, Monthly Level, Annual, Not Seasonally Adjusted series measures the total value of euro banknotes and coins in circulation within the European Union. This metric is closely monitored by the European Central Bank and other policymakers to assess monetary conditions and guide monetary policy decisions.
Methodology
The data is collected and reported monthly by the European Central Bank.
Historical Context
This currency in circulation measure is a vital statistic for understanding broader economic trends and the effectiveness of monetary policy in the Eurozone.
Key Facts
- The euro entered circulation in 2002.
- Eurozone currency in circulation reached a record high of €1.42 trillion in 2022.
- The value of euro notes and coins in circulation has grown steadily since the global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of euro banknotes and coins in circulation within the European Union on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The national currency in circulation is a vital metric for understanding broader monetary conditions and the effectiveness of central bank policies in the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the European Central Bank.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor this currency in circulation measure to assess monetary policy and economic conditions in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, National currency, Monthly Level, Annual, Not Seasonally Adjusted (XTNTVA01EUA664N), retrieved from FRED.