National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Russia
RUSEXPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,797,004,901,842.30
Year-over-Year Change
28.11%
Date Range
1/1/2003 - 7/1/2021
Summary
This economic indicator measures the current-price value of exports of goods and services for Russia. It is a key component of Russia's gross domestic product (GDP) and provides insights into the country's international trade 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
The Exports of Goods and Services for Russia indicator represents the market value of all goods and services produced in Russia and sold to the rest of the world. It is an important metric for understanding Russia's economic openness, competitiveness, and integration with global markets.
Methodology
The data is collected and calculated by the Russian Federal State Statistics Service.
Historical Context
This indicator is closely monitored by policymakers, analysts, and institutions to assess Russia's economic health and trade dynamics.
Key Facts
- Russia's exports of goods and services were valued at $497 billion in 2021.
- Exports account for approximately 30% of Russia's total GDP.
- Energy products make up the largest share of Russia's exports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the current-price value of all goods and services exported from Russia to the rest of the world, which is a key component of Russia's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Russia's international trade performance, economic openness, and competitiveness, which are crucial for understanding the country's overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers, analysts, and institutions to assess Russia's economic health and trade dynamics, which can inform policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Russia (RUSEXPORTQDSMEI), retrieved from FRED.