National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Finland
Annual
FINPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,279,000,000.00
Year-over-Year Change
39.65%
Date Range
1/1/1990 - 1/1/2022
Summary
The Annual Personal Consumption Expenditures (PCE) measures the total annual spending by U.S. consumers on goods and services. 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
The Annual PCE is a comprehensive measure of consumer spending that includes purchases of durable goods, nondurable goods, and services. It is a widely followed economic indicator used by policymakers, researchers, and analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic data.
Historical Context
The Annual PCE is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- Annual PCE grew by 6.5% in 2022.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- The PCE price index is the Federal Reserve's preferred inflation measure.
FAQs
Q: What does this economic trend measure?
A: The Annual Personal Consumption Expenditures (PCE) measures the total annual spending by U.S. consumers on goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Annual PCE is a key indicator of economic growth and consumer demand, making it highly relevant for policymakers, researchers, and analysts assessing the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and other economic data.
Q: How is this trend used in economic policy?
A: The Annual PCE is closely watched by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Annual PCE data is released with a delay, typically several months after the end of the calendar year.
Related Trends
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Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Finland
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Chain-type Price Index (FINPFCEADSMEI), retrieved from FRED.