Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Estonia
LORSGPOREEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.24
Year-over-Year Change
6.14%
Date Range
1/1/1995 - 7/1/2022
Summary
The Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Estonia measures the broader economic activity in Estonia. It serves as a critical leading indicator for policymakers and analysts in assessing the country's economic performance and forecasting future trends.
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 indicator tracks the overall GDP output in Estonia, providing a comprehensive assessment of the nation's economic health. It is a key metric used by economists, government agencies, and international organizations to monitor Estonia's economic development and inform policy decisions.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on official government sources.
Historical Context
This leading indicator is widely used by policymakers, investors, and analysts to gauge the state of the Estonian economy and make informed decisions.
Key Facts
- Estonia's GDP grew by 5.1% in 2021.
- The GDP indicator is published monthly by the OECD.
- Estonia joined the Eurozone in 2011.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the overall gross domestic product (GDP) in Estonia, providing a comprehensive assessment of the country's economic activity and performance.
Q: Why is this trend relevant for users or analysts?
A: The Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Estonia is a critical metric used by policymakers, economists, and investors to monitor the state of the Estonian economy and make informed decisions.
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) based on official government sources.
Q: How is this trend used in economic policy?
A: This leading indicator is widely used by policymakers, government agencies, and international organizations to gauge the overall economic performance of Estonia and inform policy decisions.
Q: Are there update delays or limitations?
A: The GDP indicator is published monthly by the OECD, with occasional delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference Series: Gross Domestic Product (GDP): Original Series for Estonia (LORSGPOREEQ661S), retrieved from FRED.