National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Slovak Republic
SVKIMPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,860,662,000.00
Year-over-Year Change
117.23%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the current-price value of imports of goods and services for the Slovak Republic, a component of the country's GDP expenditure accounts.
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
Imports of goods and services are an important indicator of a nation's trade position and foreign economic engagement. This data series is used by economists and policymakers to analyze the Slovak Republic's trade balance and international competitiveness.
Methodology
The data is collected by Slovakia's national statistics agency based on surveys of businesses and trade records.
Historical Context
Trends in imports can inform monetary, fiscal, and trade policy decisions.
Key Facts
- Imports accounted for 95% of Slovak GDP in 2021.
- Slovakia runs a large trade deficit, importing more than it exports.
- Imports have grown rapidly as Slovakia has integrated into global supply chains.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current-price value of imports of goods and services for the Slovak Republic, a component of the country's GDP expenditure accounts.
Q: Why is this trend relevant for users or analysts?
A: Trends in imports are an important indicator of a nation's trade position and international economic engagement, informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by Slovakia's national statistics agency based on surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Trends in imports can inform monetary, fiscal, and trade policy decisions in Slovakia and other countries.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and revisions to historical figures.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Slovak Republic (SVKIMPORTADSMEI), retrieved from FRED.