National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Australia
Annual
NAEXCP07AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
530,404,000,000.00
Year-over-Year Change
87.61%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual trend measures the year-over-year change in the U.S. national accounts expenditure for personal consumption of non-durable goods, a key indicator of consumer spending and economic activity.
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 annual percent change in real personal consumption expenditures for non-durable goods, providing insight into the strength of consumer demand and the overall health of the U.S. economy. It is a widely followed metric for economists and policymakers.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Trends in non-durable goods consumption are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Annual non-durable goods consumption accounts for over 50% of total personal consumption expenditures.
- The Annual trend reached a low of -2.7% in 2020 due to the COVID-19 pandemic.
- Annual non-durable goods spending has averaged around 2.5% growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real personal consumption expenditures for non-durable goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insight into the strength of consumer demand and the overall health of the U.S. economy, making it a closely watched metric for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Trends in non-durable goods consumption are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is published quarterly with a delay of approximately one month.
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Citation
U.S. Federal Reserve, Annual (NAEXCP07AUA189S), retrieved from FRED.