Real Final Consumption Expenditure for Russia
NCRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,513,808.50
Year-over-Year Change
10.71%
Date Range
1/1/2011 - 10/1/2024
Summary
The Real Final Consumption Expenditure for Russia measures the inflation-adjusted level of household and government consumption in the Russian economy. This key macroeconomic indicator provides insight into the strength of domestic 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 data series represents the total inflation-adjusted value of final consumption expenditures by Russian households and the government. It is a important gauge of economic health and consumer confidence, as robust consumption typically signals a growing economy.
Methodology
The data is calculated by the Russian Federal State Statistics Service based on national accounts information.
Historical Context
Policymakers and analysts use this metric to assess the trajectory of the Russian economy and consumer spending patterns.
Key Facts
- Russia's real final consumption expenditure reached a record high in 2019.
- Household consumption accounts for over 50% of Russia's GDP.
- Real consumption grew by 3.1% in 2021 as the economy recovered from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total inflation-adjusted value of final consumption expenditures by Russian households and the government.
Q: Why is this trend relevant for users or analysts?
A: Real final consumption expenditure is a key indicator of economic health and consumer confidence in Russia.
Q: How is this data collected or calculated?
A: The data is calculated by the Russian Federal State Statistics Service based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the trajectory of the Russian economy and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Final Consumption Expenditure for Russia (NCRNSAXDCRUQ), retrieved from FRED.