Nominal External Balance of Goods and Services for Estonia
NNXGSSAXDCESQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,477.00
Year-over-Year Change
587.09%
Date Range
1/1/1995 - 1/1/2025
Summary
The Nominal External Balance of Goods and Services for Estonia measures the difference between Estonia's exports and imports of goods and services. It is a key indicator of the country's international trade position and a critical economic metric for policymakers.
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 metric represents Estonia's trade balance, or the net value of its exported and imported goods and services. It is used to assess the country's international competitiveness, current account position, and overall macroeconomic health.
Methodology
The data is collected and calculated by Estonia's national statistical agency based on international trade flows.
Historical Context
Policymakers and analysts monitor this trend to gauge Estonia's economic performance and make informed decisions about trade, fiscal, and monetary policies.
Key Facts
- Estonia has run a trade deficit since the 1990s.
- Goods make up over 70% of Estonia's total trade.
- The trade balance is a key input for Estonia's current account position.
FAQs
Q: What does this economic trend measure?
A: The Nominal External Balance of Goods and Services for Estonia measures the difference between the country's exports and imports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of Estonia's international trade position and competitiveness, which is important for assessing the country's macroeconomic health and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's national statistical agency based on international trade flows.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge Estonia's economic performance and make informed decisions about trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the national statistical agency, but there may be some delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Nominal External Balance of Goods and Services for Estonia (NNXGSSAXDCESQ), retrieved from FRED.