National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Slovak Republic
Quarterly
SVKIMPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,851,388,000.00
Year-over-Year Change
39.16%
Date Range
1/1/1995 - 7/1/2023
Summary
The Quarterly Imports of Goods and Services for the Slovak Republic, measured in millions of national currency units, provides insights into the country's international trade 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
This economic indicator tracks the value of total imports of goods and services for the Slovak Republic on a quarterly basis. It is a key metric for analyzing a country's trade balance, economic growth, and integration with global markets.
Methodology
The data is collected and calculated by the Slovak Statistical Office based on national accounts and customs records.
Historical Context
Policymakers and economists use this trend to assess the health of the Slovak economy and its position within the global trade landscape.
Key Facts
- The Slovak Republic is a member of the European Union and the Eurozone.
- Imports account for over 90% of the Slovak Republic's GDP.
- The country's top import partners are Germany, Czech Republic, and Poland.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Imports of Goods and Services for the Slovak Republic measures the total value of all goods and services imported into the country on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the Slovak Republic's international trade dynamics, economic integration, and overall macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Slovak Statistical Office based on national accounts and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the Slovak economy and its position within the global trade landscape, informing decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, so the most recent quarter's figures may not be available.
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Citation
U.S. Federal Reserve, Quarterly Imports of Goods and Services for the Slovak Republic (SVKIMPORTQDSMEI), retrieved from FRED.