Share of Household Consumption at Current Purchasing Power Parities for Russian Federation
CSHCCPRUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
3.20%
Date Range
1/1/1990 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Russian Federation measures the percentage of total household consumption within the Russian economy. This metric is important for economists and policymakers to understand consumer spending patterns and purchasing power.
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 series represents the share of total household consumption in the Russian Federation, adjusted for differences in purchasing power across countries. It provides insight into the Russian consumer economy and can be used to compare consumption trends over time or across economies.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity estimates.
Historical Context
Policymakers and analysts use this metric to assess the health of the Russian consumer sector and make informed decisions about economic policy.
Key Facts
- The share of household consumption in the Russian economy was 52.7% in 2021.
- Russia's household consumption share has declined from a high of 57.1% in 2008.
- Household consumption is a key driver of economic growth in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total household consumption within the Russian economy, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and trends of the Russian consumer sector, which is an important driver of economic growth. It allows for comparisons of consumption patterns over time and across economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the Russian consumer economy and make informed decisions about economic policy, such as fiscal and monetary measures to stimulate or moderate household consumption.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year before the most recent figures are available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Russian Federation (CSHCCPRUA156NRUG), retrieved from FRED.