Private Final Consumption Expenditure in Germany
DEUPFCEQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
423,233,900,000.00
Year-over-Year Change
8.32%
Date Range
1/1/1991 - 1/1/2024
Summary
Private Final Consumption Expenditure in Germany measures the value of goods and services purchased by households. It is a key indicator of economic growth and consumer 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
This economic trend represents the total expenditure by German households on final consumption of goods and services. It is a widely followed metric used by economists and policymakers to assess the health of the German economy.
Methodology
The data is collected by the Federal Statistical Office of Germany through surveys of household spending.
Historical Context
Private consumption is a major driver of GDP and a focus for German economic policy.
Key Facts
- Germany is the largest economy in the Eurozone.
- Private consumption accounts for over 50% of German GDP.
- Household spending has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services purchased by German households for personal consumption.
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a crucial component of economic growth, making this trend highly relevant for understanding the performance of the German economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor private consumption to assess consumer demand and make informed decisions regarding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Private Final Consumption Expenditure in Germany (DEUPFCEQDSNAQ), retrieved from FRED.