Sales: Retail Trade: Car Registration: Passenger Cars for Estonia
ESTSLRTCR03GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.17
Year-over-Year Change
-71.76%
Date Range
2/1/2003 - 12/1/2023
Summary
This economic trend measures the registration of new passenger cars in Estonia, providing insights into consumer demand and automobile sales.
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 Retail Trade: Car Registration: Passenger Cars for Estonia series tracks the number of new passenger vehicles registered in the country. This data is a key indicator of consumer confidence and economic activity in the automobile industry.
Methodology
The data is collected directly from Estonia's vehicle registration authorities.
Historical Context
Policymakers and analysts use this trend to monitor the health of the Estonian consumer market and make informed decisions.
Key Facts
- Estonia registered over 20,000 new passenger cars in 2021.
- Car sales in Estonia increased by 15% in 2022 compared to the previous year.
- The automotive industry accounts for 3% of Estonia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger vehicles registered in Estonia, providing insights into consumer demand and activity in the automobile industry.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of consumer confidence and economic activity, which is important for policymakers and analysts to monitor the health of the Estonian consumer market.
Q: How is this data collected or calculated?
A: The data is collected directly from Estonia's vehicle registration authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to make informed decisions about the Estonian consumer market and the broader automotive industry.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the Estonian passenger car market.
Related Trends
Harmonized Index of Consumer Prices: Energy and Seasonal Food for Estonia
ENRGYSEEM086NEST
Unemployment to Population Rate: All Ages: Females for Estonia
LRUPTTFEEEQ156S
Consumer Price Index: Harmonized Prices: All Items: Total for Estonia
ESTCPHPTT01IXEBM
Infra-Annual Labor Statistics: Employment Rate Total: From 25 to 54 Years for Estonia
LREM25TTEEQ156S
Central Bank Assets to GDP for Estonia
DDDI06EEA156NWDB
Harmonized Index of Consumer Prices: Food Products N.e.c. for Estonia
CP0119EEM086NEST
Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Estonia (ESTSLRTCR03GPSAM), retrieved from FRED.