National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Czech Republic
Quarterly
CZEPFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
839,520,000,000.00
Year-over-Year Change
27.20%
Date Range
1/1/1995 - 7/1/2023
Summary
The Quarterly Expenditures on Consumer Durables, Services, and Nondurables metric tracks consumer spending across major economic sectors over time.
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 economic indicator provides insights into the composition and dynamics of consumer demand, which is a key driver of overall economic growth. Analysts and policymakers use this data to assess the health of the consumer economy.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in consumer spending are closely monitored for their implications on inflation, monetary policy, and economic forecasting.
Key Facts
- Consumer spending accounts for over two-thirds of U.S. GDP.
- Durable goods represent about 7% of total consumer expenditures.
- Service-sector spending has grown significantly over the past decades.
FAQs
Q: What does this economic trend measure?
A: This metric tracks consumer spending on durable goods, nondurable goods, and services in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a crucial driver of economic growth, so this data provides important insights into the health and direction of the economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in consumer spending are closely monitored by policymakers and analysts for their implications on inflation, monetary policy, and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly Expenditures on Consumer Durables, Services, and Nondurables (CZEPFCEQDSMEI), retrieved from FRED.