National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Russia
NAEXKP07RUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.94
Year-over-Year Change
-226.15%
Date Range
4/1/2003 - 7/1/2021
Summary
This economic trend measures Russia's imports of goods and services, adjusted for inflation. It is a critical component of Russia's Gross Domestic Product (GDP) and provides insights into the nation's trade dynamics and consumer demand.
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: Constant Prices: Less: Imports of Goods and Services' metric represents the inflation-adjusted value of all imported goods and services in Russia. It is a key indicator of the country's international trade, consumer behavior, and economic openness.
Methodology
The data is collected and calculated by the Russian Federal State Statistics Service (Rosstat) based on national accounting principles.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess Russia's economic performance and trade balance.
Key Facts
- Russia's imports of goods and services account for over 20% of its GDP.
- Import volumes have fluctuated significantly in recent years due to economic and geopolitical factors.
- The trend is a leading indicator of domestic consumer demand and international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of all goods and services imported into Russia, a key component of the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Russia's trade balance, consumer demand, and economic openness, making it a valuable indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Russian Federal State Statistics Service (Rosstat) based on national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess Russia's economic performance, trade dynamics, and the impact of policy decisions on international commerce.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric may not capture all informal or unrecorded trade activities.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Russia (NAEXKP07RUQ657S), retrieved from FRED.