National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Portugal
Annual
PRTCINSADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,380,853,000.00
Year-over-Year Change
39.23%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual trend measures personal consumption expenditures in the United States, a key indicator of economic activity and consumer demand.
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
Personal consumption expenditures (PCE) represent the market value of goods and services purchased by U.S. households. This trend is widely used by economists and policymakers to assess consumer spending and its impact on the broader economy.
Methodology
The U.S. Bureau of Economic Analysis collects and calculates this data from household surveys and other economic sources.
Historical Context
PCE data is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- PCE accounts for roughly 70% of U.S. GDP.
- Consumer spending has grown at an average annual rate of 3.8% since 1929.
- Durable goods make up about 12% of total PCE.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total dollar value of goods and services purchased by U.S. households, a key indicator of consumer demand and economic activity.
Q: Why is this trend relevant for users or analysts?
A: PCE data is widely used by economists, policymakers, and market analysts to assess the health of the U.S. economy and inform decisions around monetary policy, fiscal stimulus, and business strategy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects data on household spending from surveys and other economic sources, then calculates the total personal consumption expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor PCE trends to inform monetary policy decisions, as consumer spending is a key driver of economic growth and inflation.
Q: Are there update delays or limitations?
A: The PCE data is released monthly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Portugal
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Infra-Annual Labor Statistics: Working-Age Population Male: From 25 to 54 Years for Portugal
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Consumer Price Index: Harmonized Prices: Energy: Total for Portugal
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Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Portugal
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Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Portugal
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures (PRTCINSADSMEI), retrieved from FRED.