National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Hungary
Annual
HUNCINSADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,691,836,000,000.00
Year-over-Year Change
1104.83%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual trend measures the annual change in household consumption expenditure adjusted for seasonal variations and inflation, providing insight into consumer spending patterns in the United States.
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 tracks the year-over-year change in household spending on goods and services, a key driver of economic growth. It is used by policymakers and analysts to assess the health of the consumer sector and guide economic policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in household consumption are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy.
Key Facts
- Household consumption accounts for nearly 70% of U.S. GDP.
- The Annual trend reached a high of 5.0% in 2021 as the economy recovered from the COVID-19 pandemic.
- Consumer spending is a key driver of economic growth and a focus of Federal Reserve policy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in household consumption expenditure in the United States, adjusted for seasonal variations and inflation.
Q: Why is this trend relevant for users or analysts?
A: Household consumption is a critical component of economic growth, and trends in this indicator provide important insights into the health of the consumer sector and help inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in household consumption are closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is released quarterly by the Bureau of Economic Analysis, with a typical delay of approximately one month.
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Citation
U.S. Federal Reserve, Annual (HUNCINSADSMEI), retrieved from FRED.