Balance of Payments: Services: Expenditure for Estonia
ESTB6DBSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.18
Year-over-Year Change
13.11%
Date Range
1/1/1993 - 10/1/2024
Summary
The Balance of Payments: Services: Expenditure for Estonia measures the value of services-related expenditures for the country. This metric is important for economists and policymakers to understand Estonia's trade flows and international competitiveness.
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 Balance of Payments: Services: Expenditure tracks the financial transactions involving the sale or purchase of services between Estonia and the rest of the world. This includes travel, transportation, business services, and other categories. Analyzing this data provides insights into Estonia's trade position and the strength of its services sector.
Methodology
The data is collected by Estonia's national statistical agency through surveys and administrative records.
Historical Context
Policymakers use this metric to assess Estonia's global economic integration and inform trade and economic development strategies.
Key Facts
- Estonia's services expenditures totaled €5.2 billion in 2020.
- Travel services account for the largest share of Estonia's services expenditures.
- Estonia's services expenditures have grown by an average of 6% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Services: Expenditure for Estonia measures the value of services-related transactions between Estonia and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Estonia's trade in services, which is an important component of its overall economic performance and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's national statistical agency through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess Estonia's global economic integration and inform trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for Estonia (ESTB6DBSE02STSAQ), retrieved from FRED.