Sales: Retail Trade: Total Retail Trade: Value for Russia
RUSSLRTTO02MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,719,727,158,311.80
Year-over-Year Change
7.87%
Date Range
1/1/1994 - 12/1/2018
Summary
The 'Sales: Retail Trade: Total Retail Trade: Value for Russia' series measures the total value of retail sales in Russia. This metric is a key indicator of consumer demand and economic activity.
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
This series represents the total value of retail trade in Russia, including sales of both durable and non-durable goods. It is a vital statistic for analyzing the strength of the Russian consumer economy and tracking trends in household spending.
Methodology
The data is collected through surveys of retail establishments across Russia.
Historical Context
Retail sales data is widely used by policymakers, analysts, and businesses to inform economic forecasting and decision-making.
Key Facts
- Russia is one of the world's largest retail markets.
- Retail sales account for over 50% of Russia's GDP.
- Retail trade data is released monthly by Russia's statistical agency.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of retail sales across Russia, including both durable and non-durable goods.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a key indicator of consumer demand and a vital statistic for analyzing the strength of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments across Russia.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by policymakers, analysts, and businesses to inform economic forecasting and decision-making.
Q: Are there update delays or limitations?
A: The retail trade data for Russia is released on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Russia (RUSSLRTTO02MLSAM), retrieved from FRED.