Total Credit to Non-Financial Sector, Adjusted for Breaks, for Portugal
Percentage of GDP
QPTCAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225.00
Year-over-Year Change
-26.01%
Date Range
1/1/1995 - 10/1/2024
Summary
The Percentage of GDP series measures the ratio of consumption of durable goods to the nation's gross domestic product. This metric provides insight into consumer spending patterns and the overall health of the economy.
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 Percentage of GDP series represents the share of GDP that is accounted for by consumer durable goods spending. Economists use this indicator to assess trends in household consumption and the broader economic environment.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Policymakers and analysts monitor this metric to gauge consumer confidence and make informed decisions about fiscal and monetary policies.
Key Facts
- Durable goods account for approximately 7-8% of GDP.
- The Percentage of GDP has fluctuated between 6.5% and 8.5% over the past 20 years.
- Consumer spending on durable goods is a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: The Percentage of GDP series measures the ratio of consumer spending on durable goods to the nation's total gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer confidence and spending patterns, which are important indicators of broader economic health and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to gauge consumer behavior and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Percentage of GDP data is typically released on a quarterly basis with a short delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal
PRTCPHP1100IXOBM
Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling for Portugal
PRTCPHP0404GPM
Cash surplus/deficit (% of GDP) for Portugal
CASHBLPTA188A
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Portugal
LFIN55MAPTQ647N
Producer Prices Index: Economic Activities: Manufacturing: Total for Portugal
PRTPIEAMP01GPM
Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Portugal
LRUN55MAPTQ156S
Citation
U.S. Federal Reserve, Percentage of GDP (QPTCAM770A), retrieved from FRED.