National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Estonia
NAEXKP02EEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.81
Year-over-Year Change
-109.21%
Date Range
1/1/1996 - 1/1/2025
Summary
This economic trend measures private final consumption expenditure in Estonia, adjusted for inflation. It is a key indicator of domestic demand and consumer spending, which are important factors in overall economic growth.
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
Private final consumption expenditure represents the value of goods and services purchased by Estonian households. It is a major component of gross domestic product (GDP) and a crucial driver of the country's economic performance.
Methodology
The data is collected and calculated by the Estonian statistical agency based on national accounts.
Historical Context
Policymakers and analysts use this trend to assess the health of the Estonian economy and consumer confidence.
Key Facts
- Estonia's private consumption accounts for over 50% of its GDP.
- The trend has shown steady growth since the 2008-2009 recession.
- Household spending is a key driver of Estonia's economic recovery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services purchased by Estonian households, adjusted for inflation. It is a major component of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a crucial indicator of domestic demand and consumer confidence, which are important factors in assessing the overall health of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Estonian statistical agency based on national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the strength of consumer spending and domestic demand, which informs decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor revisions over time.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Estonia (NAEXKP02EEQ659S), retrieved from FRED.