Real General Government Final Consumption Expenditure for Estonia
NCGGRSAXDCESQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,967.10
Year-over-Year Change
11.11%
Date Range
1/1/1995 - 1/1/2025
Summary
The Real General Government Final Consumption Expenditure for Estonia measures the value of goods and services consumed by the Estonian government, adjusted for inflation. It's a key indicator of public sector 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 metric tracks the real (inflation-adjusted) value of government spending on final consumption, including compensation of employees, purchases of goods and services, and social benefits. It provides insight into the fiscal position and policy priorities of the Estonian public sector.
Methodology
The data is calculated by Statistics Estonia based on national accounts data.
Historical Context
Economists and policymakers monitor this indicator to assess the role of government spending in Estonia's economic performance and macroeconomic trends.
Key Facts
- Estonia's real government consumption grew by 2.3% in 2021.
- Government spending accounts for over 20% of Estonia's GDP.
- The public sector is a major driver of Estonia's economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real (inflation-adjusted) value of final consumption expenditure by the Estonian government, including employee compensation, purchases of goods/services, and social benefits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal position and policy priorities of the Estonian public sector, which is a key driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Estonia based on national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the role of government spending in Estonia's macroeconomic trends and make informed fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real General Government Final Consumption Expenditure for Estonia (NCGGRSAXDCESQ), retrieved from FRED.