National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Estonia
NAEXKP07EEQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,507,627,100.00
Year-over-Year Change
17.19%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic indicator measures the constant-price value of imports of goods and services for Estonia, which is a key component of the country's gross domestic product (GDP) by expenditure.
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 'Imports of Goods and Services' trend represents the monetary value of all goods and services imported into Estonia, adjusted for inflation. It is an important factor in calculating Estonia's total GDP, as imports reduce the domestic production available for consumption and investment.
Methodology
The data is collected and calculated by Estonia's national statistical agency.
Historical Context
Policymakers and analysts use this trend to assess Estonia's international trade balance and the overall health of the domestic economy.
Key Facts
- Estonia's imports of goods and services were 15.8 billion euros in 2021.
- Imports accounted for 75% of Estonia's GDP in 2021.
- Estonia has run a trade deficit since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant-price value of all goods and services imported into Estonia, which is a key component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Estonia's international trade balance and the overall health of the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Estonia's trade position and make decisions about trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a few months' delay.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Estonia (NAEXKP07EEQ652S), retrieved from FRED.