Nominal Final Consumption Expenditure for Saudi Arabia
NCNSAXDCSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
769,749.00
Year-over-Year Change
25.02%
Date Range
1/1/2005 - 1/1/2025
Summary
Nominal Final Consumption Expenditure for Saudi Arabia measures the total value of goods and services consumed by households and government in the Saudi Arabian 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
This indicator provides insights into the overall level of economic activity and consumer demand in Saudi Arabia. It is a key metric used by economists and policymakers to assess the health and trajectory of the Saudi Arabian economy.
Methodology
The data is collected and published by the Saudi Arabian Monetary Authority.
Historical Context
Trends in nominal consumption expenditure are closely monitored by Saudi Arabian officials and international organizations to inform economic and fiscal policy decisions.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- Household consumption accounts for over 40% of Saudi GDP.
- Nominal consumption expenditure in Saudi Arabia has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of goods and services consumed by households and the government in the Saudi Arabian economy.
Q: Why is this trend relevant for users or analysts?
A: Nominal consumption expenditure is a key metric used to assess the overall level of economic activity and consumer demand in Saudi Arabia, providing important insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the Saudi Arabian Monetary Authority.
Q: How is this trend used in economic policy?
A: Trends in nominal consumption expenditure are closely monitored by Saudi officials and international organizations to inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Nominal Final Consumption Expenditure for Saudi Arabia (NCNSAXDCSAQ), retrieved from FRED.