Nominal Households Final Consumption Expenditure for Russia
NCPHINSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,640,313.90
Year-over-Year Change
44.25%
Date Range
1/1/2011 - 10/1/2024
Summary
This economic trend measures the nominal value of household final consumption expenditure in Russia, which is a key indicator of consumer demand and overall 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
Nominal household final consumption expenditure represents the total value of goods and services purchased by Russian households, unadjusted for inflation. It is a widely tracked metric for evaluating the strength of domestic consumer spending and its contribution to GDP.
Methodology
The data is collected by Russia's Federal State Statistics Service through household surveys and national accounts.
Historical Context
Policymakers and analysts use this trend to assess the health of the Russian consumer economy and inform macroeconomic decision-making.
Key Facts
- Household consumption makes up over 50% of Russia's GDP.
- Nominal consumption expenditure has grown over 10% annually since 2016.
- Rising consumer prices have impacted real purchasing power in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nominal value of goods and services purchased by Russian households, without adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: Household consumption is a critical component of economic activity, so this metric provides insight into the strength of domestic consumer demand in Russia.
Q: How is this data collected or calculated?
A: The data is collected by Russia's Federal State Statistics Service through household surveys and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of the Russian consumer economy and inform macroeconomic decision-making.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or revisions due to the complexity of household consumption measurement.
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Citation
U.S. Federal Reserve, Nominal Households Final Consumption Expenditure for Russia (NCPHINSAXDCRUQ), retrieved from FRED.