Production: Construction: Total for Estonia
PRCNTO01EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.18
Year-over-Year Change
-137.03%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Production: Construction: Total for Estonia' trend measures the total production in the construction industry in Estonia. It provides important insights into the health and direction 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
This trend represents the total volume of construction output in Estonia, including both residential and non-residential building projects. It is a key indicator of economic activity and investment in the construction sector, which has significant implications for employment, real estate, and infrastructure development.
Methodology
The data is collected through surveys of construction firms and contractors in Estonia.
Historical Context
Policymakers and analysts use this trend to assess the state of the Estonian economy and inform decisions around fiscal, monetary, and regulatory policies.
Key Facts
- Estonia's construction output reached a peak in 2019.
- The construction sector accounts for around 6% of Estonia's GDP.
- The COVID-19 pandemic had a significant impact on construction activity in Estonia.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Estonia' trend measures the total volume of construction output in Estonia, including both residential and non-residential building projects.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and direction of the Estonian economy, as the construction sector is a key driver of economic activity, employment, and investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and contractors in Estonia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of the Estonian economy and inform decisions around fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the nature of the construction industry.
Related Trends
Harmonized Index of Consumer Prices: Financial Services N.e.c. for Estonia
CP1260EEM086NEST
International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia
XTNTVA01EEQ667S
Harmonized Index of Consumer Prices: All-Items HICP for Estonia
CP0000EEM086NEST
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Estonia
NAEXKP04EEQ652S
Harmonized Index of Consumer Prices: Passenger Transport by Road for Estonia
CP0732EEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Estonia
ESTCPGRSE01GYQ
Citation
U.S. Federal Reserve, Production: Construction: Total for Estonia (PRCNTO01EEA657S), retrieved from FRED.