Real Private Sector Final Consumption Expenditure for Saudi Arabia
NCPRNSAXDCSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520,284.00
Year-over-Year Change
14.27%
Date Range
1/1/2010 - 1/1/2025
Summary
This economic trend measures the real private sector final consumption expenditure in Saudi Arabia, which is a key 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
The real private sector final consumption expenditure tracks the total spending by households and non-profit institutions serving households in Saudi Arabia, adjusted for inflation. This metric provides insight into the strength of domestic consumer demand and the overall health of the Saudi Arabian economy.
Methodology
The data is collected and calculated by the Saudi Arabian Monetary Authority based on national accounts data.
Historical Context
This trend is closely monitored by economists and policymakers to assess consumer confidence and make informed decisions about fiscal and monetary policies.
Key Facts
- Saudi Arabia is the largest economy in the Gulf Cooperation Council (GCC) region.
- Private consumption accounts for over 40% of Saudi Arabia's GDP.
- The real private sector final consumption expenditure has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real spending by households and non-profit institutions in Saudi Arabia, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of domestic consumer demand and the overall health of the Saudi Arabian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Saudi Arabian Monetary Authority based on national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess consumer confidence and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a relatively short delay, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Real Private Sector Final Consumption Expenditure for Saudi Arabia (NCPRNSAXDCSAQ), retrieved from FRED.