National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Estonia
NAEXCP06EEQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,842,949,200.00
Year-over-Year Change
45.28%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the current-price value of exports of goods and services for Estonia. It is a key indicator of international trade and a component of Estonia'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
The Exports of Goods and Services for Estonia data series tracks the nominal value of all goods and services sold by Estonian residents to foreign buyers. It represents an important contribution to the country's economic output and is used to analyze trade dynamics and competitiveness.
Methodology
The data is collected and reported by the Estonian statistical agency based on national accounts reporting.
Historical Context
This export trend provides insight into Estonia's trade position and can inform economic policy decisions.
Key Facts
- Estonia's exports represent over 60% of its GDP.
- The largest export categories are machinery, wood products, and mineral fuels.
- Estonia's main trading partners are Finland, Sweden, and Latvia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current-price value of all goods and services exported from Estonia to foreign buyers. It is a component of Estonia's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into Estonia's international trade position and competitiveness. It is an important indicator for analyzing the country's economic growth and performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Estonian statistical agency based on national accounts reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to assess Estonia's trade dynamics and inform decisions around trade, industrial, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may be revisions to previously reported figures.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Estonia (NAEXCP06EEQ189S), retrieved from FRED.