Production: Construction: Total for Estonia
PRCNTO01EEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.26
Year-over-Year Change
-62.36%
Date Range
1/1/1995 - 1/1/2025
Summary
The 'Production: Construction: Total for Estonia' trend measures the overall volume of construction activity in Estonia. It is a key indicator of 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
This series represents the total production volume index for the construction industry in Estonia. It is a valuable metric for assessing the state of the construction sector and its contribution to the broader Estonian economy.
Methodology
The data is collected through surveys of construction firms and calculated as an index relative to a base year.
Historical Context
Policymakers and analysts use this trend to gauge the momentum of the Estonian economy and inform decisions around infrastructure investment and housing policy.
Key Facts
- Estonia is a major exporter of construction services within the EU.
- Construction accounts for over 6% of Estonia's GDP.
- The construction industry employs around 50,000 people in Estonia.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Estonia' trend measures the overall volume of construction activity in Estonia, providing an indicator of the health and growth of the construction sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is a valuable metric for assessing the state of the Estonian construction industry and its contribution to the broader economy, informing decisions around infrastructure investment and housing policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the momentum of the Estonian economy and inform decisions around infrastructure investment and housing policy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Estonia (PRCNTO01EEQ659S), retrieved from FRED.