Nominal General Government Final Consumption Expenditure for Estonia
NCGGXDCESA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
308,556.00
Year-over-Year Change
50.52%
Date Range
1/1/1995 - 1/1/2024
Summary
The Nominal General Government Final Consumption Expenditure for Estonia measures government spending on goods and services. It is a key indicator of fiscal policy and 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 economic trend represents the total nominal expenditure by Estonia's government on final consumption of goods and services. It is a vital metric for analyzing the scale and composition of public sector activity within the economy.
Methodology
The data is collected and calculated by Eurostat based on national accounts.
Historical Context
Policymakers and analysts use this indicator to assess fiscal policy stance and the government's role in the overall economy.
Key Facts
- Estonia's government spending was 7.3 billion euros in 2021.
- Real government consumption grew by 4.3% in 2021.
- Public sector accounts for over 20% of Estonia's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total nominal expenditure by the Estonian government on the final consumption of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the scale and composition of public sector activity and its role in the overall Estonian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the fiscal policy stance and the government's role in the economy.
Q: Are there update delays or limitations?
A: The data is published regularly by Eurostat with typical update lags of several months.
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Citation
U.S. Federal Reserve, Nominal General Government Final Consumption Expenditure for Estonia (NCGGXDCESA), retrieved from FRED.