Sales: Wholesale Trade: Total Wholesale Trade: Volume for Finland
FINSLWHTO01IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.79
Year-over-Year Change
-0.41%
Date Range
1/1/1964 - 10/1/2023
Summary
The 'Sales: Wholesale Trade: Total Wholesale Trade: Volume for Finland' metric measures the total volume of wholesale trade activity in Finland, providing insights into the health and trends of the Finnish 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
This economic indicator tracks the overall volume of wholesale trade transactions in Finland, which includes the sale and distribution of goods to retailers, industrial, commercial, institutional, and other professional business users. The wholesale trade sector is a key component of the Finnish economy and a barometer of broader economic conditions.
Methodology
The data is collected and calculated by Statistics Finland based on surveys of wholesale trade companies.
Historical Context
Policymakers and analysts use this metric to assess the strength of domestic demand and supply chains in Finland.
Key Facts
- Finland's wholesale trade sector accounts for approximately 10% of its GDP.
- Wholesale trade volume in Finland has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic caused a 7% decline in Finland's wholesale trade volume in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Sales: Wholesale Trade: Total Wholesale Trade: Volume for Finland' metric measures the overall volume of wholesale trade transactions in Finland, providing insights into domestic economic activity.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key barometer of the Finnish economy, as the wholesale trade sector plays a vital role in supply chains and distribution networks. Tracking wholesale trade volume can help analysts and policymakers assess domestic demand and the health of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Finland based on surveys of wholesale trade companies operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the strength of domestic demand and supply chain dynamics in Finland, which can inform decisions related to monetary policy, trade, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 2-3 months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Sales: Wholesale Trade: Total Wholesale Trade: Volume for Finland (FINSLWHTO01IXOBSAM), retrieved from FRED.