Real Gross Domestic Product for Estonia
NGDPRSAXDCESQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
324,944.88
Year-over-Year Change
9.66%
Date Range
1/1/1995 - 1/1/2025
Summary
The Real Gross Domestic Product (GDP) for Estonia measures the total economic output of the country adjusted for inflation. It is a key indicator used by economists and policymakers to assess the health and growth of the Estonian economy.
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
Real GDP for Estonia represents the total value of all goods and services produced within the country, after accounting for changes in prices. It is a widely-tracked metric that allows for comparisons of economic performance over time and relative to other nations.
Methodology
The data is calculated by the Estonian Statistics Office using expenditure and production approaches.
Historical Context
Real GDP trends are closely monitored by the Estonian government, central bank, and international institutions to inform macroeconomic policies and investment decisions.
Key Facts
- Estonia is a member of the European Union and Eurozone.
- Real GDP growth averaged 4.4% annually from 2011-2021.
- The service sector accounts for over 60% of Estonia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Estonia measures the total economic output of the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a widely-used indicator that allows economists and policymakers to assess the overall health and growth of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Estonian Statistics Office using expenditure and production approaches.
Q: How is this trend used in economic policy?
A: Real GDP trends are closely monitored by the Estonian government, central bank, and international institutions to inform macroeconomic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2 months.
Related Trends
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ESTLOCOVRNOSTSAM
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ESTCP060000IXNBM
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ESTPIEAMP01GPQ
Gross Domestic Product Per Capita for Estonia
PCAGDPEEA646NWDB
Sales: Retail Trade: Total Retail Trade: Value for Estonia
SLRTTO02EEQ661S
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Estonia
DDOI09EEA156NWDB
Citation
U.S. Federal Reserve, Real Gross Domestic Product for Estonia (NGDPRSAXDCESQ), retrieved from FRED.