Nominal Exports of Goods and Services for Estonia
NXSAXDCESQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153,339.00
Year-over-Year Change
22.88%
Date Range
1/1/1995 - 1/1/2025
Summary
The Nominal Exports of Goods and Services for Estonia measures the total value of goods and services exported from the Estonian economy in current prices. This metric is an important indicator of a country's international trade and economic performance.
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 tracks the nominal (not adjusted for inflation) value of all exported goods and services from Estonia. It is a key component of the country's balance of trade and provides insight into its international competitiveness and export-oriented industries.
Methodology
The data is collected and calculated by Estonia's national statistics agency using established international guidelines.
Historical Context
Policymakers and economists analyze this trend to understand Estonia's trade dynamics and overall economic health.
Key Facts
- Estonia is a small, open economy heavily dependent on exports.
- Nominal exports account for over 60% of Estonia's GDP.
- The eurozone crisis significantly impacted Estonia's export performance.
FAQs
Q: What does this economic trend measure?
A: The Nominal Exports of Goods and Services for Estonia measures the total current-price value of all goods and services exported from the Estonian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Estonia's international trade position, export competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's national statistics agency according to established international guidelines.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand Estonia's trade dynamics and formulate policies to support its export-oriented economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Nominal Exports of Goods and Services for Estonia (NXSAXDCESQ), retrieved from FRED.