Nominal Final Consumption Expenditure for Russia
NCNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,618,477.40
Year-over-Year Change
48.15%
Date Range
1/1/2006 - 10/1/2024
Summary
The Nominal Final Consumption Expenditure for Russia measures the total value of goods and services consumed by Russian households and nonprofit institutions. This metric is a key indicator of domestic demand and overall 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
Final consumption expenditure is a measure of household spending and represents a major component of gross domestic product (GDP). Analyzing this data provides insights into consumer behavior, inflation, and the overall health of the Russian economy.
Methodology
The data is collected and calculated by the Federal State Statistics Service of Russia.
Historical Context
Policymakers and analysts use this metric to assess consumer demand, guide fiscal and monetary policies, and make informed economic decisions.
Key Facts
- Final consumption expenditure accounts for over 50% of Russia's GDP.
- Household consumption has steadily increased in Russia since the early 2000s.
- Nominal consumption expenditure is measured in billions of rubles.
FAQs
Q: What does this economic trend measure?
A: The Nominal Final Consumption Expenditure for Russia measures the total value of goods and services consumed by Russian households and nonprofit institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior, inflation, and the overall health of the Russian economy, making it a key indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal State Statistics Service of Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer demand, guide fiscal and monetary policies, and make informed economic decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and potential revisions by the Federal State Statistics Service of Russia.
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Citation
U.S. Federal Reserve, Nominal Final Consumption Expenditure for Russia (NCNSAXDCRUQ), retrieved from FRED.