Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia
PRCNTO01EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.30
Year-over-Year Change
58.88%
Date Range
1/1/1994 - 1/1/2023
Summary
This economic trend measures the production volume of the construction industry in Estonia, a key indicator of economic activity and growth.
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
The Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia series tracks the total output of the construction sector, providing insights into the overall health and performance of the Estonian economy.
Methodology
The data is collected and calculated by the Estonian Statistical Office based on surveys of construction companies.
Historical Context
This indicator is closely monitored by policymakers and analysts to assess the state of the Estonian economy and inform policy decisions.
Key Facts
- Estonia's construction industry accounts for around 6% of GDP.
- Construction production in Estonia peaked in 2007 before declining during the global financial crisis.
- The construction sector is a major employer in Estonia, accounting for over 8% of total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production volume of the construction industry in Estonia, providing insight into the level of economic activity and growth in the sector.
Q: Why is this trend relevant for users or analysts?
A: The construction industry is a key driver of economic growth, and this indicator helps analysts and policymakers understand the overall health of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Estonian Statistical Office through surveys of construction companies operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the state of the Estonian economy and inform policy decisions related to economic growth, investment, and employment.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a short delay, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Estonia (PRCNTO01EEA661N), retrieved from FRED.