Nominal Private Sector Final Consumption Expenditure for Argentina
NCPSAXDCARQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140,060,088.80
Year-over-Year Change
1252.21%
Date Range
1/1/2004 - 1/1/2025
Summary
The Nominal Private Sector Final Consumption Expenditure for Argentina measures the total value of goods and services purchased by households and non-profit institutions serving households in the country. It is a key indicator of consumer demand and 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
This series represents the nominal value of final consumption expenditure by private households and non-profit institutions serving households in Argentina. It is a widely used metric for understanding consumption patterns and their impact on the broader economy.
Methodology
The data is collected by Argentina's National Institute of Statistics and Censuses (INDEC) through household surveys and national accounts.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength of domestic demand and consumer confidence in the Argentine economy.
Key Facts
- Argentina's nominal private consumption grew 58% in 2021.
- Consumer spending accounts for over 60% of Argentina's GDP.
- Household consumption is a key driver of the Argentine economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nominal value of goods and services purchased by Argentine households and non-profit institutions serving households.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of domestic consumer demand and an important input for assessing the overall health of the Argentine economy.
Q: How is this data collected or calculated?
A: The data is collected by Argentina's national statistics agency, INDEC, through household surveys and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge consumer confidence and the strength of domestic demand, which informs fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in the release of this data, and the figures can be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Nominal Private Sector Final Consumption Expenditure for Argentina (NCPSAXDCARQ), retrieved from FRED.