International Merchandise Trade Statistics: Exports: Commodities for Russia
Growth rate same period previous year
XTEXVA01RUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-31.12%
Date Range
1/1/1992 - 1/1/2024
Summary
The 'Growth rate same period previous year' measures the annual percent change in exports of goods and services for Russia. This metric is a key indicator of Russia's 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 series tracks the year-over-year growth rate in Russia's total exports, which include both goods and services. It provides insight into the trajectory of Russia's trade balance and competitiveness in global markets.
Methodology
The data is calculated by the U.S. Federal Reserve based on official Russian government statistics.
Historical Context
Economists and policymakers monitor this trend to assess Russia's macroeconomic conditions and trade dynamics.
Key Facts
- Russia is one of the world's largest exporters of energy products.
- Exports account for over 25% of Russia's GDP.
- Growth in Russian exports has implications for global commodity prices.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric tracks the annual percent change in Russia's total exports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Russia's trade balance, economic performance, and global competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric based on official Russian government trade statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess Russia's macroeconomic conditions and trade dynamics.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and can have publication lags due to the time required to collect and process the underlying trade statistics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (XTEXVA01RUA659S), retrieved from FRED.