National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Germany
DEUPFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
522,989,000,000.00
Year-over-Year Change
19.96%
Date Range
1/1/1970 - 7/1/2023
Summary
This economic trend measures private final consumption expenditure in Germany, which is a key component of the country's Gross Domestic Product (GDP) and a vital indicator of domestic demand.
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
Private final consumption expenditure represents the total value of goods and services purchased by German households. This metric is closely watched by economists and policymakers as it provides insight into consumer spending patterns and the overall health of the German economy.
Methodology
The data is collected by the German Federal Statistical Office through household surveys and other sources.
Historical Context
Analysts use this trend to assess the strength of German consumer demand and its impact on the broader economy.
Key Facts
- Private consumption accounts for over 50% of Germany's GDP.
- This trend has shown steady growth since the global financial crisis.
- Consumer spending is a key driver of economic growth in Germany.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services purchased by German households, which is a key component of the country's Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Private consumption expenditure is closely watched by economists and policymakers as it provides valuable insights into consumer spending patterns and the overall health of the German economy.
Q: How is this data collected or calculated?
A: The data is collected by the German Federal Statistical Office through household surveys and other sources.
Q: How is this trend used in economic policy?
A: Analysts use this trend to assess the strength of German consumer demand and its impact on the broader economy, which is vital information for policymakers and market participants.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a short lag, providing timely insights into the German economy.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Germany (DEUPFCEQDSMEI), retrieved from FRED.