Annual
BPCRTD01TRA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163,371,000,000.00
Year-over-Year Change
370.42%
Date Range
1/1/1984 - 1/1/2013
Summary
The Annual trend measures the annual rate of change in real personal consumption expenditures, a key indicator of consumer spending and economic growth in the United States.
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
Real personal consumption expenditures track inflation-adjusted household spending on goods and services. This metric is a crucial component of GDP and provides insights into consumer confidence and the health of the broader economy.
Methodology
The data is calculated from the Bureau of Economic Analysis' personal consumption expenditures report.
Historical Context
Policymakers and analysts closely monitor this trend to assess consumer demand and make informed decisions about monetary and fiscal policies.
Key Facts
- The Annual trend reached a high of 3.7% in 2021.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- Real personal consumption expenditures declined sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual rate of change in real personal consumption expenditures, which tracks inflation-adjusted household spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into consumer confidence and the overall health of the U.S. economy, as consumer spending is a significant driver of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated from the Bureau of Economic Analysis' personal consumption expenditures report.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess consumer demand and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Annual trend data is published on a monthly basis with a delay of approximately one month.
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Citation
U.S. Federal Reserve, Annual (BPCRTD01TRA637S), retrieved from FRED.