Real Exports of Services for Russia
NXSRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,491,854.80
Year-over-Year Change
649.64%
Date Range
1/1/2011 - 10/1/2021
Summary
The Real Exports of Services for Russia trend measures the real value of services exported from Russia to other countries, adjusted for inflation. This metric is important for understanding Russia's international trade dynamics and economic performance.
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 Exports of Services for Russia indicator tracks the volume of services sold by Russian companies to foreign buyers, such as tourism, transportation, and business services. It provides insight into Russia's global competitiveness and the health of its service sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using official Russian trade statistics.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess Russia's trade balance, economic growth, and geopolitical influence.
Key Facts
- Russia is one of the world's largest exporters of services.
- Services account for over 60% of Russia's GDP.
- Real exports of services have fluctuated significantly due to economic and political factors.
FAQs
Q: What does this economic trend measure?
A: The Real Exports of Services for Russia trend measures the real, inflation-adjusted value of services exported from Russia to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Russia's global trade competitiveness, the health of its service sector, and the overall strength of its economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using official Russian trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess Russia's trade balance, economic growth, and geopolitical influence.
Q: Are there update delays or limitations?
A: The data is subject to potential delays or revisions due to the nature of international trade statistics.
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Citation
U.S. Federal Reserve, Real Exports of Services for Russia (NXSRNSAXDCRUQ), retrieved from FRED.