Nominal General Government Final Consumption Expenditure for Estonia
NCGGNSAXDCESQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73,772.00
Year-over-Year Change
16.56%
Date Range
1/1/1995 - 1/1/2025
Summary
The Nominal General Government Final Consumption Expenditure for Estonia measures the value of goods and services consumed by the Estonian government. It is a key indicator of fiscal policy and overall 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
This series represents the total nominal expenditure on final consumption by the general government sector in Estonia. It is an important measure of government's contribution to aggregate demand and economic growth.
Methodology
The data is collected and calculated by Eurostat based on national accounts data.
Historical Context
Policymakers and analysts use this metric to assess the fiscal stance and its impact on the Estonian economy.
Key Facts
- Reached a high of 5.72 billion euros in Q4 2021.
- Fell by 2.2% in Q1 2022 compared to the previous quarter.
- Accounts for over 20% of Estonia's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nominal expenditure on final consumption by the general government sector in Estonia. It captures government spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the fiscal stance and the government's contribution to overall economic activity in Estonia.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the fiscal policy stance and its impact on the Estonian economy.
Q: Are there update delays or limitations?
A: The data is released quarterly by Eurostat with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Nominal General Government Final Consumption Expenditure for Estonia (NCGGNSAXDCESQ), retrieved from FRED.