National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Portugal
NAEXKP02PTQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,357,548,000.00
Year-over-Year Change
8.92%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures private final consumption expenditure in Portugal, a key component of gross domestic product (GDP) and a vital 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
Private final consumption expenditure represents the spending by households on goods and services. It is a crucial measure of economic health, as consumer spending drives a large portion of economic growth.
Methodology
The data is collected and calculated by the Portuguese National Statistical Institute.
Historical Context
Policymakers and analysts use this trend to assess the strength of the Portuguese economy and consumer confidence.
Key Facts
- Portugal's private consumption expenditure accounts for over 60% of its GDP.
- Consumer spending has been a key driver of Portugal's economic recovery since the global financial crisis.
- Portugal's private consumption growth rate averaged 1.8% per year from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures private final consumption expenditure in Portugal, which represents the spending by households on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a crucial component of GDP and a vital indicator of consumer demand and economic activity, making this trend highly relevant for policymakers and analysts assessing the strength of the Portuguese economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Portuguese National Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of the Portuguese economy and consumer confidence, which informs decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several weeks to a few months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Portugal (NAEXKP02PTQ189S), retrieved from FRED.