National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Russia
RUSPFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,002,626,410,840.60
Year-over-Year Change
21.26%
Date Range
1/1/2003 - 7/1/2021
Summary
This economic trend measures Russia's private final consumption expenditure, a key component of its gross domestic product (GDP) at current prices. It provides insight into the spending patterns and purchasing power of Russian consumers.
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
Private final consumption expenditure tracks the value of goods and services purchased by Russian households. It is a vital indicator of domestic demand and an important measure for assessing the overall health and growth of the Russian economy.
Methodology
This data is collected and calculated by Rosstat, Russia's Federal State Statistics Service.
Historical Context
Policymakers and analysts use this metric to evaluate Russia's economic performance and make informed decisions.
Key Facts
- Russia's private final consumption expenditure reached $1.1 trillion in 2021.
- Household consumption accounts for over 50% of Russia's GDP.
- The trend in private consumption is a leading indicator of economic growth in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services purchased by Russian households, a key component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: Private consumption expenditure is a vital indicator of domestic demand and an important measure for assessing the overall health and growth of the Russian economy.
Q: How is this data collected or calculated?
A: This data is collected and calculated by Rosstat, Russia's Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Russia's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay in availability compared to other economic indicators.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Russia (RUSPFCEQDSMEI), retrieved from FRED.