Nominal Private Sector Final Consumption Expenditure for Russia
NCPNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,475,809.90
Year-over-Year Change
40.56%
Date Range
7/1/1993 - 1/1/2025
Summary
The Nominal Private Sector Final Consumption Expenditure for Russia measures the total spending by Russian households and non-profit institutions on final goods and services. It is a key indicator of domestic demand and consumer confidence.
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 metric tracks the nominal value of consumption expenditure by the private sector in Russia, including spending on durable and non-durable goods as well as services. It is a broad measure of economic activity and a leading indicator of overall Russian GDP growth.
Methodology
The data is collected and reported by the Central Bank of Russia based on national accounts statistics.
Historical Context
Policymakers and analysts monitor this indicator to assess the health of the Russian consumer economy and make informed decisions about macroeconomic and fiscal policies.
Key Facts
- Reached a record high of 47.4 trillion rubles in Q4 2021.
- Fell by 8.7% in 2020 due to the COVID-19 pandemic.
- Accounts for around 50% of Russia's total GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total nominal value of consumption spending by Russian households and non-profit institutions on final goods and services.
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a key driver of economic growth, and this metric provides insights into the health and confidence of Russian consumers, which is crucial for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Russia based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the strength of domestic demand and make informed decisions about macroeconomic and fiscal policies in Russia.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Nominal Private Sector Final Consumption Expenditure for Russia (NCPNSAXDCRUQ), retrieved from FRED.