National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Estonia
NAEXKP03EEQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,182,912,100.00
Year-over-Year Change
3.31%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Estonia, adjusted for inflation. It is a key component of Estonia's gross domestic product (GDP) and an important indicator of the government's fiscal policy and economic activity.
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 the government on goods and services. It is a major category in the national accounts and helps provide a comprehensive picture of Estonia's economic performance and composition of GDP.
Methodology
The data is collected and calculated by Estonia's statistical agency based on national accounts principles.
Historical Context
This trend is used by economists, policymakers, and analysts to assess the role of government spending in Estonia's economic growth and development.
Key Facts
- Government spending accounts for about 20% of Estonia's GDP.
- Real government consumption grew by 3.4% in 2021.
- Estonia has reduced its government spending as a share of GDP in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Estonia, which includes spending by the government on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Government spending is a key component of GDP and an important indicator of fiscal policy and economic activity, making this trend relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's statistical agency based on national accounts principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the role of government spending in Estonia's economic growth and development, and to inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of national accounts data, which may include lags in reporting and revisions.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Estonia (NAEXKP03EEQ652S), retrieved from FRED.