National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Estonia
NAEXCP01EEQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,307,354,500.00
Year-over-Year Change
34.23%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Estonia' measures the total value of all final goods and services produced within Estonia, expressed in current Estonian kroon or euros.
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 represents Estonia's nominal gross domestic product (GDP), a key indicator of the overall size and health of the Estonian economy. GDP is a widely-used metric that economists and policymakers rely on to analyze economic performance and inform policy decisions.
Methodology
The data is collected and calculated by Estonia's national statistical agency based on established national accounting frameworks.
Historical Context
Trends in Estonia's GDP are closely monitored by the European Central Bank and other institutions to assess the country's macroeconomic conditions and development.
Key Facts
- Estonia's GDP reached a record high of €34.8 billion in 2021.
- GDP growth in Estonia averaged 4.4% annually from 2010 to 2021.
- Services account for over 60% of Estonia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within Estonia, which is the country's nominal gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely-used indicator of economic performance and growth, making this trend highly relevant for economists, policymakers, and market analysts assessing the Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Estonia's national statistical agency based on established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Trends in Estonia's GDP are closely monitored by the European Central Bank and other institutions to assess the country's macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the release of the latest GDP data, as it relies on comprehensive national accounting processes.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Estonia (NAEXCP01EEQ189S), retrieved from FRED.