Balance of Payments: Services: Revenue for Russia
RUSB6CRSE03STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.67
Year-over-Year Change
-10.30%
Date Range
1/1/1994 - 10/1/2024
Summary
The Balance of Payments: Services: Revenue for Russia measures the value of services exported by Russia, providing insights into its 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 economic trend tracks the revenue Russia earns from exporting services, including transportation, travel, and other business services. It is an important indicator of Russia's global competitiveness and its ability to generate foreign currency through service exports.
Methodology
The data is collected and reported by the Central Bank of Russia.
Historical Context
Policymakers and analysts use this trend to assess Russia's trade balance and overall economic health.
Key Facts
- Russia's services exports were valued at $60.4 billion in 2021.
- Services account for over 60% of Russia's total exports.
- Transportation and travel services are the largest components of Russia's services exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of services exported by Russia, including transportation, travel, and other business services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Russia's international trade and economic performance, as services exports are an important source of foreign currency earnings.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Russia's trade balance and overall economic health.
Q: Are there update delays or limitations?
A: The data is reported regularly by the Central Bank of Russia, but there may be occasional delays in publication.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Revenue for Russia (RUSB6CRSE03STSAQ), retrieved from FRED.