National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Slovak Republic
NAEXKP06SKQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,055,255,000.00
Year-over-Year Change
8.58%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the constant-price exports of goods and services for the Slovak Republic, a key component of the country's gross domestic product (GDP).
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
Exports of goods and services are a vital part of the Slovak economy, representing a significant share of GDP. This trend provides insights into the performance of the country's external trade and international competitiveness.
Methodology
The data is collected and calculated by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and analysts use this trend to assess the health of the Slovak economy and its integration with global trade networks.
Key Facts
- Exports account for over 90% of Slovak GDP.
- Slovakia is a major exporter of automotive parts and machinery.
- Export growth has slowed in recent years due to global trade tensions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant-price exports of goods and services for the Slovak Republic, which is a key component of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Exports are crucial to the Slovak economy, so this trend provides important insights into the country's international trade performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Slovak economy and its integration with global trade networks.
Q: Are there update delays or limitations?
A: There may be delays in data availability and revisions to historical figures, as is common with macroeconomic indicators.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Slovak Republic (NAEXKP06SKQ652S), retrieved from FRED.