Nominal Imports of Goods and Services for Russia
Annual
NMXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,385,808.60
Year-over-Year Change
156.66%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual percent change in nominal disposable personal income. It is a key indicator of consumer purchasing power and economic well-being.
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
Nominal disposable personal income represents the income available to households for spending and saving after accounting for taxes and inflation. The Annual trend provides an important gauge of how consumer income is changing over time.
Methodology
The data is calculated from the personal income and outlays report published monthly by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts monitor this trend to assess the health of consumer finances and the broader economy.
Key Facts
- The Annual trend reached a high of 6.1% in 2021.
- Nominal disposable personal income totaled over $18 trillion in 2022.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in nominal disposable personal income, which represents the total income available to households for spending and saving.
Q: Why is this trend relevant for users or analysts?
A: This trend provides an important gauge of consumer purchasing power and the underlying health of household finances, which are crucial drivers of broader economic activity.
Q: How is this data collected or calculated?
A: The data is calculated from the personal income and outlays report published monthly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the strength of consumer finances and the overall state of the economy, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Annual trend data is published with a one-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (NMXDCRUA), retrieved from FRED.