Balance of Payments: Services: Revenue for Russia
RUSB6CRSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.08
Year-over-Year Change
0.37%
Date Range
1/1/1994 - 10/1/2024
Summary
The 'Balance of Payments: Services: Revenue for Russia' trend measures the total revenue generated by Russia from international trade in services. This metric is crucial for understanding Russia's economic performance and trade dynamics.
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 indicator tracks Russia's services trade balance, which includes revenue from tourism, transportation, financial services, and other commercial activities. Analyzing this data provides insights into Russia's competitiveness and integration within the global services economy.
Methodology
The data is collected and reported by the Central Bank of Russia based on international balance of payments reporting standards.
Historical Context
Policymakers and analysts use this trend to assess Russia's external sector and inform decisions around trade, investment, and economic policy.
Key Facts
- Russia's services trade revenue was $59.4 billion in 2021.
- The services trade surplus helps offset Russia's merchandise trade deficit.
- Transportation and travel services account for over 60% of Russia's services exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue Russia generates from international trade in services, including tourism, transportation, financial services, and other commercial activities.
Q: Why is this trend relevant for users or analysts?
A: Analyzing Russia's services trade balance provides insights into the country's economic competitiveness and integration within the global services economy, which is crucial for understanding its overall economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Russia based on international balance of payments reporting standards.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Russia's external sector and inform decisions around trade, investment, and broader economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Central Bank of Russia, with some potential for delays in reporting.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Revenue for Russia (RUSB6CRSE02STSAQ), retrieved from FRED.