Real Final Consumption Expenditure for India
Annual
NCRXDCINA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,838,200.20
Year-over-Year Change
99.72%
Date Range
1/1/2005 - 1/1/2024
Summary
The Annual trend measures the nominal change in total consumer expenditures in the United States. It is a key indicator of consumer spending and an important gauge of economic growth.
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 Annual trend represents the year-over-year change in total personal consumption expenditures, a broad measure of consumer spending on goods and services. It is closely watched by economists and policymakers as a reflection of household demand and the health of the broader economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Trends in consumer spending provide insight into the strength of consumer demand, which is a major driver of economic activity.
Key Facts
- Consumer spending accounts for over 65% of U.S. GDP.
- The Annual trend has averaged 4.2% growth over the past 20 years.
- Rapid consumer spending growth can signal inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total personal consumption expenditures, which captures consumer spending on goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a crucial driver of economic growth, and the Annual trend provides valuable insight into the strength of household demand and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Annual trend to gauge consumer confidence and the trajectory of the economy, which informs decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual trend is published quarterly with a lag of approximately one month, and the data may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (NCRXDCINA), retrieved from FRED.