Real General Government Final Consumption Expenditure, Individual for Russia
NCGGIRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,637,042.50
Year-over-Year Change
49.07%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the real general government final consumption expenditure by individuals in Russia. It is a key indicator of the size and scope of government involvement in the Russian 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
The real general government final consumption expenditure by individuals represents the value of goods and services consumed by Russian citizens that are provided by the government. This metric is used by economists and policymakers to assess the scale of the public sector and its role in the broader economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
This trend is relevant for understanding the size and role of the public sector in the Russian economy and can inform policy decisions.
Key Facts
- Russia's real government consumption expenditure was 18.7% of GDP in 2021.
- Government consumption has remained relatively stable in Russia over the past decade.
- The public sector accounts for a significant portion of economic activity in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real value of goods and services consumed by Russian citizens that are provided by the government. It represents the size of the public sector in the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role and scale of government involvement in the Russian economy, which can inform policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend can be used by economists and policymakers to assess the size of the public sector and its impact on the broader Russian economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Real General Government Final Consumption Expenditure, Individual for Russia (NCGGIRXDCRUA), retrieved from FRED.