Nominal External Balance of Goods and Services for Estonia
NNXGSNSAXDCESQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,211.00
Year-over-Year Change
368.75%
Date Range
1/1/1995 - 4/1/2025
Summary
The Nominal External Balance of Goods and Services for Estonia measures the difference between the value of goods and services exported and imported by Estonia. This metric is a key indicator of the country's international trade position and competitiveness.
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 External Balance of Goods and Services for Estonia tracks the net trade balance, which reflects a country's ability to sell its products and services abroad. This data provides insight into Estonia's trade flows and can inform economic policy decisions.
Methodology
The data is collected by Estonia's national statistics agency based on international trade reporting.
Historical Context
Policymakers and analysts use this metric to assess Estonia's export performance and the health of its external sector.
Key Facts
- Estonia is a small, open economy heavily dependent on exports.
- The trade balance has fluctuated significantly over the past decade.
- Improving the trade balance is a key policy priority for Estonia.
FAQs
Q: What does this economic trend measure?
A: The Nominal External Balance of Goods and Services for Estonia measures the difference between the value of goods and services exported and imported by the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Estonia's trade flows and international competitiveness, making it a valuable indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's national statistics agency based on international trade reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Estonia's export performance and the health of its external sector, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of Estonia's national statistics agency.
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Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: National Currency: USD for Estonia
CCUSSP02EEQ650N
Infra-Annual Labor Statistics: Monthly Unemployment Male: 15 Years or over for Estonia
LFHUTTMAEEM647S
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Estonia
LREM24TTEEA156N
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for Estonia
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Citation
U.S. Federal Reserve, Nominal External Balance of Goods and Services for Estonia (NNXGSNSAXDCESQ), retrieved from FRED.