Real General Government Final Consumption Expenditure for Russia
Annual
NCGGRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,792,578.90
Year-over-Year Change
55.66%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in U.S. net credit card receivables. It provides insight into consumer borrowing behavior and financial conditions.
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
Net credit card receivables represent the outstanding credit card balances held by consumers. The Annual trend tracks the percent change in this metric over a 12-month period, offering a high-level view of credit utilization trends.
Methodology
This data is collected and calculated by the U.S. Federal Reserve based on reporting from financial institutions.
Historical Context
The Annual trend is monitored by policymakers, economists, and market analysts to assess consumer credit conditions and the broader economic environment.
Key Facts
- The Annual trend reached a high of 6.7% in 2019.
- Credit card debt fell sharply in 2020 due to the COVID-19 pandemic.
- Rising interest rates can impact consumer borrowing and credit card usage.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in U.S. net credit card receivables, which represent outstanding credit card balances held by consumers.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides insight into consumer borrowing behavior and financial conditions, which is relevant for policymakers, economists, and market analysts assessing the broader economic environment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reporting from financial institutions.
Q: How is this trend used in economic policy?
A: The Annual trend is monitored by policymakers to assess consumer credit conditions and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend data is published with a short delay, typically a few months after the end of the referenced period.
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Citation
U.S. Federal Reserve, Annual (NCGGRXDCRUA), retrieved from FRED.