Nominal Imports of Services for Russia
NMSNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,288,936.00
Year-over-Year Change
-22.08%
Date Range
1/1/2011 - 10/1/2022
Summary
The Nominal Imports of Services for Russia measures the total value of services imported by Russia. This indicator provides insights into Russia's international trade and economic relationships.
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
The Nominal Imports of Services for Russia represents the total value of services purchased by Russia from foreign providers, including travel, transportation, and other business services. It is an important metric for understanding Russia's engagement in the global economy and its demand for foreign services.
Methodology
The data is collected and reported by the Russian Federal State Statistics Service.
Historical Context
Policymakers and analysts use this metric to assess Russia's trade balance, competitiveness, and integration with the global services market.
Key Facts
- Russia is one of the world's largest importers of services.
- Imports of services account for a significant portion of Russia's total imports.
- The value of Russia's nominal imports of services has fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: The Nominal Imports of Services for Russia measures the total value of services imported by Russia from foreign providers, including travel, transportation, and other business services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Russia's international trade and economic relationships, as well as its demand for foreign services. It is an important indicator for understanding Russia's engagement in the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Russia's trade balance, competitiveness, and integration with the global services market.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability from the Russian Federal State Statistics Service.
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Citation
U.S. Federal Reserve, Nominal Imports of Services for Russia (NMSNSAXDCRUQ), retrieved from FRED.