National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Finland
NAEXKP07FIQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,362,000,000.00
Year-over-Year Change
5.44%
Date Range
1/1/1990 - 7/1/2023
Summary
This economic trend measures the value of imports of goods and services in Finland, adjusted for inflation. It is a key component of Finland's Gross Domestic Product (GDP) and provides insight into the country's international trade and economic openness.
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 Finland' series represents the real (inflation-adjusted) value of imported goods and services in the Finnish economy. This indicator is essential for understanding Finland's trade balance and the role of international commerce in its economic growth.
Methodology
The data is collected and calculated by Finland's national statistical agency based on international standards for national accounting.
Historical Context
Policymakers and analysts use this trend to assess Finland's economic integration, competitiveness, and exposure to global market conditions.
Key Facts
- Imports of goods and services account for over 40% of Finland's GDP.
- Finland's import-to-GDP ratio is one of the highest among European Union members.
- The value of imports has grown steadily in Finland over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value of imports of goods and services in the Finnish economy, which is an important component of the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides key insights into Finland's international trade and economic openness, which are important factors for understanding the country's economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Finland's national statistical agency based on international standards for national accounting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Finland's economic integration, competitiveness, and exposure to global market conditions, which informs trade and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Finland (NAEXKP07FIQ652S), retrieved from FRED.