National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Estonia
NAEXCP03EEA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,030,293,700.00
Year-over-Year Change
143.79%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the current price-adjusted government final consumption expenditure in Estonia, a key component of the country's gross domestic product (GDP).
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
Government final consumption expenditure represents the value of goods and services consumed by the government. This metric is widely used by economists and policymakers to analyze public sector economic activity and its contribution to overall economic performance.
Methodology
The data is collected by Estonia's national statistical office and reported to international organizations like the OECD.
Historical Context
This trend provides insight into the government's fiscal policy stance and its impact on the broader Estonian economy.
Key Facts
- Government consumption accounts for around 20% of Estonia's GDP.
- Estonia's government consumption expenditure has grown steadily since the early 2000s.
- The data is reported on a quarterly basis with a 2-3 month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current price-adjusted government final consumption expenditure in Estonia, which is a key component of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze public sector economic activity and its contribution to overall economic performance in Estonia.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's national statistical office and reported to international organizations like the OECD.
Q: How is this trend used in economic policy?
A: This trend provides insight into the government's fiscal policy stance and its impact on the broader Estonian economy.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a 2-3 month lag.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Estonia (NAEXCP03EEA189S), retrieved from FRED.