Real Final Consumption Expenditure for Saudi Arabia
NCRNSAXDCSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
750,111.00
Year-over-Year Change
17.25%
Date Range
1/1/2010 - 1/1/2025
Summary
The Real Final Consumption Expenditure for Saudi Arabia measures the inflation-adjusted total spending by households and government on goods and services. This metric is a key indicator of domestic demand and economic growth in the Saudi Arabian economy.
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 economic trend represents the total volume of consumption in Saudi Arabia, adjusting for changes in prices. It is a valuable indicator for policymakers and analysts to assess the strength of domestic consumption, which drives a large portion of Saudi GDP.
Methodology
The data is calculated by the Saudi Arabian Monetary Authority based on national accounts data.
Historical Context
Economists and investors closely monitor this indicator to gauge the health of Saudi consumer demand and the broader economy.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- Consumption makes up over 40% of Saudi GDP.
- Real consumption grew by 2.5% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: The Real Final Consumption Expenditure for Saudi Arabia measures the total inflation-adjusted spending by households and the government on goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of domestic demand and a driver of economic growth in Saudi Arabia. It provides insights into consumer and government spending that are vital for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Saudi Arabian Monetary Authority based on national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the strength of Saudi consumer demand, which is a major component of the country's GDP. It informs decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to historical figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Final Consumption Expenditure for Saudi Arabia (NCRNSAXDCSAQ), retrieved from FRED.