Real General Government Final Consumption Expenditure, Collective for Russia
NCGGCRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,226,196.90
Year-over-Year Change
6.70%
Date Range
1/1/2011 - 10/1/2021
Summary
This trend measures the real general government final consumption expenditure for the collective services provided by the government of Russia. It is a key indicator of public sector economic activity and government's role in the economy.
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
Real general government final consumption expenditure, collective, for Russia represents the value of goods and services consumed by the government for collective use, such as national defense, public order, and environmental protection. It is an important measure of the size and role of the public sector in the Russian economy.
Methodology
The data is collected and calculated by the OECD based on national accounts information.
Historical Context
This trend is used by economists and policymakers to analyze the fiscal and economic policies of the Russian government.
Key Facts
- Russia's real general government final consumption expenditure was 7.8 trillion rubles in 2021.
- The collective component accounts for over 60% of Russia's total government expenditure.
- Real general government final consumption expenditure grew by 3.2% in Russia in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real value of goods and services consumed by the Russian government for collective use, such as national defense, public order, and environmental protection.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the size and role of the public sector in the Russian economy, providing insights into the government's fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the Russian government's fiscal policies and the public sector's contribution to the overall economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real General Government Final Consumption Expenditure, Collective for Russia (NCGGCRNSAXDCRUQ), retrieved from FRED.