International Trade: Imports: Value (Goods): Total for Estonia
XTIMVA01EEQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.86
Year-over-Year Change
-0.66%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic indicator tracks the total value of goods imported into Estonia, a key measure of the country's international trade and economic activity.
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 International Trade: Imports: Value (Goods): Total for Estonia series measures the monetary value of all goods imported into Estonia. This metric provides insight into Estonia's participation in global trade networks and the strength of domestic consumption and production.
Methodology
The data is collected and reported by Statistics Estonia, the national statistical agency.
Historical Context
Policymakers and analysts use this import value data to assess Estonia's trade balance, economic competitiveness, and exposure to global market conditions.
Key Facts
- Estonia is a major trading partner within the European Union.
- Imports account for over 70% of Estonia's GDP.
- The value of Estonia's imports has grown steadily since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total monetary value of all goods imported into Estonia, providing insight into the country's international trade activity and economic performance.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Estonia's import values is crucial for assessing the country's trade balance, economic competitiveness, and exposure to global market conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Estonia, the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import value data to inform decisions related to trade policy, economic development, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely information on Estonia's trade activity.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Estonia (XTIMVA01EEQ188S), retrieved from FRED.