Balance of Payments: Services: Expenditure for Estonia
ESTB6DBSE01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,417,500,000.00
Year-over-Year Change
29.02%
Date Range
1/1/1993 - 10/1/2024
Summary
The 'Balance of Payments: Services: Expenditure for Estonia' trend measures Estonia's spending on international services trade. This data provides insights into the country's economic relationships and competitiveness in the global services market.
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 Estonia's expenditures on services imports, including categories like travel, transportation, and intellectual property. It is a key component of the country's balance of payments, which economists use to assess international economic integration and the flow of goods, services, and capital.
Methodology
The data is collected and published by the Bank of Estonia as part of the country's official balance of payments statistics.
Historical Context
Policymakers and analysts monitor this trend to understand Estonia's economic position and the drivers of its trade balance.
Key Facts
- Estonia's services trade deficit was €851 million in 2021.
- Transportation services account for the largest share of Estonia's services imports.
- Services trade makes up around one-third of Estonia's total trade balance.
FAQs
Q: What does this economic trend measure?
A: This trend measures Estonia's expenditures on imported services, including categories like travel, transportation, and intellectual property. It is a component of the country's balance of payments.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Estonia's economic relationships and competitiveness in the global services market, which is important for understanding the country's trade balance and international economic integration.
Q: How is this data collected or calculated?
A: The data is collected and published by the Bank of Estonia as part of the country's official balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand Estonia's economic position and the drivers of its trade balance, which is relevant for trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a typical delay of 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for Estonia (ESTB6DBSE01NCCUSAQ), retrieved from FRED.