Real External Balance of Goods and Services for Russia
NNXGSRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,954,426.60
Year-over-Year Change
-58.45%
Date Range
1/1/2011 - 10/1/2021
Summary
The Real External Balance of Goods and Services for Russia measures the difference between Russia's real exports and imports of goods and services. This key economic indicator provides insights into Russia's trade position and international 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 Real External Balance of Goods and Services for Russia represents the inflation-adjusted net exports, calculated as the difference between Russia's real exports and imports of both goods and services. This metric is widely used by economists and policymakers to assess Russia's trade balance and evaluate the country's economic performance in the global marketplace.
Methodology
The data is collected and calculated by the Federal Reserve using official trade statistics from the Russian government.
Historical Context
Analysts monitor this trend to gauge Russia's trade position and overall economic health, which can inform policy decisions and market assessments.
Key Facts
- Russia's real external balance has declined since 2014.
- The trend reflects Russia's reliance on energy exports.
- Positive balances indicate Russia's trade surplus.
FAQs
Q: What does this economic trend measure?
A: The Real External Balance of Goods and Services for Russia measures the difference between the country's real exports and imports of both goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Russia's trade position and international competitiveness, which is crucial for evaluating the country's economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this data using official trade statistics from the Russian government.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to gauge Russia's trade balance and overall economic health, which can inform policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential revisions of the underlying Russian trade statistics.
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Citation
U.S. Federal Reserve, Real External Balance of Goods and Services for Russia (NNXGSRNSAXDCRUQ), retrieved from FRED.