National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Russia
RUSIMPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,881,609,142,044.19
Year-over-Year Change
24.76%
Date Range
1/1/2003 - 7/1/2021
Summary
This economic trend measures the value of imports of goods and services in Russia's national accounts, excluding current-price GDP. It provides insights into Russia's trade balance and economic openness.
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 imports component of GDP by expenditure is a key indicator of a country's trade position and integration with the global economy. It represents the total value of goods and services purchased from other countries, which reduces the domestic resources available for domestic consumption and investment.
Methodology
The data is collected and calculated by the Russian Federal State Statistics Service.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess Russia's trade dynamics and competitiveness.
Key Facts
- Russia's imports of goods and services were 28.2% of GDP in 2021.
- Imports have grown from 21.4% of GDP in 2010 to 28.2% in 2021.
- Imports are an important component of Russia's GDP calculations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of imports of goods and services in Russia's national accounts, excluding current-price GDP. It provides insights into Russia's trade balance and economic openness.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing Russia's trade dynamics, competitiveness, and integration with the global economy.
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 trend is used by economists, policymakers, and market analysts to evaluate Russia's trade position and inform economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological practices of the Russian Federal State Statistics Service.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Russia (RUSIMPORTQDSMEI), retrieved from FRED.