Real Households Final Consumption Expenditure for Russia
NCPHIRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,383,577.40
Year-over-Year Change
10.54%
Date Range
1/1/2011 - 1/1/2025
Summary
The Real Households Final Consumption Expenditure for Russia measures inflation-adjusted consumer spending by Russian households. It is a key indicator of economic activity and consumer demand.
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 metric tracks the volume of goods and services purchased by Russian households, excluding government and business spending. It is a broad measure of consumer activity and a critical component of overall GDP.
Methodology
The data is calculated based on national accounts data from the Russian Federal State Statistics Service.
Historical Context
Policymakers and economists use this indicator to assess the strength of the Russian consumer economy and make informed decisions.
Key Facts
- Russia is the largest economy in Eastern Europe.
- Household consumption accounts for over 50% of Russia's GDP.
- Real consumption growth is a key driver of overall economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Real Households Final Consumption Expenditure for Russia measures the volume of goods and services purchased by Russian households, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Russian consumer demand, which is a critical component of overall economic activity and growth.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data from the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of the Russian consumer economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the Russian Federal State Statistics Service, which may result in occasional delays in updates.
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Citation
U.S. Federal Reserve, Real Households Final Consumption Expenditure for Russia (NCPHIRNSAXDCRUQ), retrieved from FRED.