National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Estonia
NAEXCP03EEQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,981,510,900.00
Year-over-Year Change
36.42%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Estonia, a key component of the country's gross domestic product (GDP) at current prices.
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 includes spending by all levels of government on goods and services, representing a vital part of the Estonian economy. Economists and policymakers analyze this data to assess the role of the public sector in economic growth and development.
Methodology
The data is collected and calculated by Estonia's national statistical office.
Historical Context
This metric informs fiscal and economic policies in Estonia and the broader EU region.
Key Facts
- Estonia's government consumption expenditure was €7.4 billion in 2021.
- Government spending accounts for over 20% of Estonia's total GDP.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Estonia, which includes spending by all levels of government on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the role of the public sector in Estonia's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's national statistical office.
Q: How is this trend used in economic policy?
A: This metric informs fiscal and economic policies in Estonia and the broader EU region.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, but the national statistical office provides timely updates on government consumption expenditure.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Estonia (NAEXCP03EEQ189S), retrieved from FRED.