International Trade: Imports: Value (Goods): Total for Slovak Republic
XTIMVA01SKA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.33
Year-over-Year Change
34.08%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the total value of goods imported into the Slovak Republic. It provides insight into the country's international trade balance and economic integration.
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 Slovak Republic tracks the monetary value of all merchandise imports into the Slovak Republic over time. This metric is a key indicator of the country's trade position and global economic engagement.
Methodology
The data is collected and reported by the Slovak Statistical Office.
Historical Context
Policymakers and analysts use this trend to evaluate the Slovak Republic's trade relationships and broader economic performance.
Key Facts
- Slovakia joined the European Union in 2004.
- Imports account for over 90% of Slovakia's GDP.
- China is a major trading partner for the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods imported into the Slovak Republic over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This import value metric provides insights into Slovakia's trade balance, global economic integration, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Slovakia's trade relationships and make decisions about economic and trade policies.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Slovak Republic (XTIMVA01SKA188S), retrieved from FRED.