National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Sweden
Annual
SWEPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,615,183,000,000.00
Year-over-Year Change
56.05%
Date Range
1/1/1993 - 1/1/2022
Summary
The 'Annual' trend measures the annual personal consumption expenditures, which track consumer spending on goods and services in the United States. This metric is closely watched by economists and policymakers as a key indicator of economic growth and consumer confidence.
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 'Annual' trend represents the year-over-year change in personal consumption expenditures, a comprehensive measure of consumer spending in the U.S. economy. It is a vital economic indicator used to assess the health and trajectory of consumer demand, a crucial driver of overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
Policymakers and analysts monitor the 'Annual' trend to gauge the strength of consumer-driven economic growth and inform decisions on monetary and fiscal policy.
Key Facts
- The 'Annual' trend reached a record high of 12.6% in 2021.
- Consumer spending accounts for approximately 70% of U.S. GDP.
- The trend has averaged around 2.5% annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year change in personal consumption expenditures, which track consumer spending on goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The 'Annual' trend is a key indicator of economic growth and consumer confidence, making it crucial for policymakers, economists, and market analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the 'Annual' trend to gauge the strength of consumer-driven economic growth and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The 'Annual' trend is released on a quarterly basis by the U.S. Bureau of Economic Analysis, with some potential for minor revisions to previous data.
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Citation
U.S. Federal Reserve, Annual (SWEPFCEADSMEI), retrieved from FRED.