Macroeconomic scoreboard 2006 - 2013
| Periods | Real effective exchange rate (%) |
|---|---|
| 2013* | . |
| Source: CBS. | |
Table explanation
To identify in a timely manner existing and potential imbalances and possible macroeconomic risks within the countries of the European Union in an early stage, the European Commission has drawn up a scoreboard with eleven indicators. This scoreboard is part of the Macroeconomic Imbalance Procedure (MIP). This table contains quarterly and annual figures for these eleven indicators for the Netherlands.
Data available from 2006 to 2013.
Status of the figures:
Annual and quarterly data are provisional. Because this table is discontinued, figures will not be updated anymore.
Changes as of July 10th 2014:
None, this table is discontinued.
When will new figures be published?
Not applicable anymore.
This table is replaced by table Macroeconomic scoreboard. See paragraph 3.
Description topics
- Real effective exchange rate
- Real effective exchange rate (42 partners) - % change on three years previously.
The real effective exchange rate is defined as the nominal effective exchange rate adjusted for price developments.
The nominal effective exchange rate is the trade-weighted exchange rate of a currency compared to some other currencies that are important for the economy. For the scoreboard, the effective exchange rate with 42 trading partners is calculated.
Sources:
The real effective exchange rate is based on data and calculations from the European Commission (DG ECFIN) and is published by Eurostat. See Eurostat's website for more information with regard to the calculation of the real effective exchange rate.
Calculation of the scoreboard indicator:
For the scoreboard, the real effective exchange rate for the Netherland with 42 trading partners (source: Eurostat) is taken as a starting point. Subsequently the percentage change on three years previously is calculated.
Interpretation of the indicator:
The real effective exchange rate reflects both relative price developments and the development of the exchange rates. Negative growth may indicate an improvement in price competitiveness, positive growth a deterioration.
Upper and lower limits:
For this indicator the European Commission has set a lower limit of -5 percent and an upper limit of +5 percent for Eurozone countries, and limits of -11 percent and + 11 percent for non-Eurozone countries.