National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Slovak Republic
Annual
SVKEXPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108,948,698,000.00
Year-over-Year Change
106.94%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Export Adjustment Indicator for Slovakia measures changes in the value of exports from Slovakia on an annual basis. This metric is important for economists and policymakers to assess the health of Slovakia's export-driven economy.
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 Annual Export Adjustment Indicator for Slovakia tracks year-over-year changes in the total value of goods and services exported from Slovakia. It provides a high-level gauge of the performance and competitiveness of Slovakia's export sector, which is a critical driver of the country's economic growth.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
Economists and policymakers use this indicator to evaluate trends in Slovakia's external trade and make informed decisions about trade and industrial policies.
Key Facts
- Slovakia is a major exporter of cars, machinery, and electronics.
- Exports account for over 90% of Slovakia's GDP.
- The EU is Slovakia's largest trade partner, receiving over 80% of its exports.
FAQs
Q: What does this economic trend measure?
A: The Annual Export Adjustment Indicator for Slovakia measures year-over-year changes in the total value of goods and services exported from Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the performance and competitiveness of Slovakia's export-driven economy, which is a critical driver of the country's overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to evaluate trends in Slovakia's external trade and make informed decisions about trade and industrial policies.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual Export Adjustment Indicator for Slovakia (SVKEXPORTADSMEI), retrieved from FRED.