National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Russia
NAEXKP02RUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,590,981,953,000.00
Year-over-Year Change
-11.10%
Date Range
1/1/2003 - 10/1/2016
Summary
This economic trend measures private final consumption expenditure in Russia, adjusted for inflation. It is a key indicator of consumer demand and a component of the country's gross domestic product.
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 value of goods and services purchased by Russian households. It is a vital metric for assessing the health and direction of the Russian economy, as consumer spending drives a significant portion of economic activity.
Methodology
The data is collected and calculated by Russia's Federal State Statistics Service.
Historical Context
Policymakers and analysts use this trend to evaluate Russian economic performance and consumer confidence.
Key Facts
- Russia's private consumption expenditure accounts for over 50% of its GDP.
- This trend has shown steady growth since the early 2000s, with some volatility during economic downturns.
- Consumer spending is a crucial driver of the Russian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services purchased by Russian households, adjusted for inflation. It is a key component of Russia's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: Private consumption expenditure is a vital indicator of consumer demand and economic health in Russia. Analysts and policymakers use this data to assess the direction of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Russia's Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge consumer confidence and make informed decisions about fiscal and monetary policies in Russia.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of Russia's Federal State Statistics Service, which may result in occasional update delays.
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Real Exports of Goods and Services for Russia
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Real Statistical Discrepancy for Russia
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Russia (NAEXKP02RUQ189S), retrieved from FRED.