National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Estonia
NAEXCP07EEQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,059,025,100.00
Year-over-Year Change
47.80%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the value of imports of goods and services for Estonia, a key component of its gross domestic product (GDP) expenditure. It provides insight into the country's trade balance and international economic integration.
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 'National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Estonia' series represents the monetary value of all goods and services imported into Estonia. It is a crucial indicator for understanding Estonia's economic performance and global trade relationships.
Methodology
The data is collected and calculated by Estonia's national statistics agency based on international standards.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess Estonia's economic health and trade position.
Key Facts
- Estonia's imports of goods and services were over 60 billion euros in 2021.
- Imports account for approximately 70% of Estonia's GDP.
- The value of imports has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of all goods and services imported into Estonia, a key component of the country's GDP expenditure.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into Estonia's trade balance, economic integration, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's national statistics agency based on international standards.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this metric to assess Estonia's economic health and trade position, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Estonia (NAEXCP07EEQ189S), retrieved from FRED.