Real GDP at Constant National Prices for Estonia
RGDPNAEEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,788.54
Year-over-Year Change
17.16%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Estonia' measures Estonia's total economic output adjusted for inflation. It is a key indicator of the country's economic growth and 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 represents Estonia's real gross domestic product (GDP) calculated using constant national prices. Real GDP removes the effects of price changes to show the volume of economic activity, providing a more accurate picture of economic growth over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on information from Estonia's national statistics agency.
Historical Context
Real GDP is widely used by economists, policymakers, and analysts to assess the health and trajectory of Estonia's economy.
Key Facts
- Estonia's real GDP grew by 4.9% in 2021.
- Real GDP per capita in Estonia was $25,200 in 2021.
- The Estonian economy contracted by 3.1% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This series measures Estonia's real gross domestic product (GDP), which is the total value of goods and services produced in the country adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a fundamental indicator of a country's economic performance and growth, making it highly relevant for policymakers, investors, and economists analyzing the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on information provided by Estonia's national statistics agency.
Q: How is this trend used in economic policy?
A: Real GDP is a key metric used by the Estonian government, central bank, and international institutions to evaluate the country's economic health, set policies, and make informed decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Estonia (RGDPNAEEA666NRUG), retrieved from FRED.