Sales: Retail Trade: Total Retail Trade: Volume for Estonia
ESTSLRTTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.43
Year-over-Year Change
-167.13%
Date Range
1/1/1999 - 5/1/2025
Summary
The 'Sales: Retail Trade: Total Retail Trade: Volume for Estonia' trend measures the monthly change in the volume of retail sales across Estonia's economy. This key indicator provides insight into consumer demand and overall economic activity.
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 retail trade volume index tracks the inflation-adjusted value of total sales at retail establishments in Estonia. It is a widely-used barometer of consumer spending and a leading indicator for Estonia's GDP and broader economic performance.
Methodology
The data is compiled by Estonia's statistical agency based on surveys of retail businesses.
Historical Context
Retail trade volumes are closely watched by policymakers, central banks, and market analysts to assess the health of consumer demand and the broader economy.
Key Facts
- Estonia's retail trade volume index is published monthly.
- Retail sales make up around 60% of Estonia's GDP.
- The index is a key input for forecasting Estonia's economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Sales: Retail Trade: Total Retail Trade: Volume for Estonia' measures the monthly change in the inflation-adjusted value of retail sales across the Estonian economy.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volumes are a critical indicator of consumer demand and overall economic activity in Estonia, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by Estonia's national statistical agency based on surveys of retail businesses across the country.
Q: How is this trend used in economic policy?
A: Retail trade volumes are closely monitored by Estonia's central bank and government to assess the strength of consumer spending and broader economic conditions, informing policy decisions.
Q: Are there update delays or limitations?
A: The retail trade volume index for Estonia is published monthly with a short lag, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Estonia (ESTSLRTTO01GYSAM), retrieved from FRED.