Sales: Retail Trade: Total Retail Trade: Value for Estonia
SLRTTO02EEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.95
Year-over-Year Change
34.53%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the total value of retail trade sales in Estonia. It serves as an important indicator of consumer demand and overall economic activity in the country.
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 Retail Trade: Total Retail Trade: Value for Estonia measures the total sales of goods and services by retail establishments in Estonia. It is a key indicator of consumer spending and a crucial economic metric used by policymakers and analysts to assess the health and trajectory of the Estonian economy.
Methodology
The data is collected through surveys of retail businesses and compiled by Estonia's statistical agency.
Historical Context
Retail trade data informs decisions around monetary and fiscal policy, as well as market analysis.
Key Facts
- Estonia's retail trade value topped €1.2 billion in 2022.
- Retail sales make up over 30% of Estonia's GDP.
- The sector employs more than 80,000 people in Estonia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of retail trade sales in Estonia, including sales of goods and services by retail establishments.
Q: Why is this trend relevant for users or analysts?
A: Retail trade is a key indicator of consumer demand and overall economic activity in Estonia. This data informs analysis and policymaking around the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by Estonia's statistical agency.
Q: How is this trend used in economic policy?
A: Retail trade data is used by policymakers and analysts to assess the health and trajectory of the Estonian economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The retail trade data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Estonia (SLRTTO02EEQ661S), retrieved from FRED.