National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product - Total for the Euro Area (19 Countries)
Annual
NAEXCP01EZA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,399,037,107,629.00
Year-over-Year Change
39.87%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Annual' economic trend measures the annual change in nominal personal consumption expenditures (PCE) for the Euro Area. This key indicator provides insight into consumer spending patterns and overall economic health.
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' trend tracks the year-over-year percent change in nominal personal consumption expenditures, which represents the total spending by households on goods and services. This metric is a crucial barometer of consumer demand and a key input for economic policymakers.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of household spending.
Historical Context
Trends in annual PCE growth are closely monitored by central banks and economic analysts to inform monetary and fiscal policies.
Key Facts
- The Euro Area's annual PCE growth reached a high of 5.4% in 2021.
- Annual PCE is a key input for calculating GDP growth.
- Consumer spending accounts for over 50% of economic activity in the Euro Area.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in nominal personal consumption expenditures (PCE) for the Euro Area.
Q: Why is this trend relevant for users or analysts?
A: The annual change in PCE is a crucial indicator of consumer demand and a key input for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of household spending.
Q: How is this trend used in economic policy?
A: Trends in annual PCE growth are closely monitored by central banks and economic analysts to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into consumer spending patterns.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Euro Area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023)
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Employment Rate: Aged 15 and over: Females for the Euro Area (19 Countries)
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Unemployment Rate: Aged 55-64: Males for the Euro Area (19 Countries)
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Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Euro area
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Citation
U.S. Federal Reserve, Annual (NAEXCP01EZA189S), retrieved from FRED.