Real Final Consumption Expenditure for Canada
Annual, Not Seasonally Adjusted
NCRXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,951,712.40
Year-over-Year Change
29.27%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the value of credit card and other revolving credit accounts. It is an important economic indicator for understanding consumer spending and debt levels.
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 series tracks the total value of outstanding credit card balances and other revolving credit accounts held by consumers in the United States. It provides insights into household financial health and consumer demand.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Historical Context
Policymakers and analysts use this data to monitor consumer credit conditions and make informed decisions.
Key Facts
- Credit card balances totaled $1.1 trillion in 2022.
- Revolving credit accounts for 25% of total consumer debt.
- Consumer credit has grown by 6% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total outstanding balances on credit card and other revolving credit accounts held by U.S. consumers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending, borrowing, and financial health, which are crucial for understanding the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data from financial institutions and reports the total value of outstanding revolving credit accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor consumer credit conditions and make informed decisions about monetary policy and consumer protection regulations.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 6-8 weeks. It may not capture all revolving credit accounts, as some are held by non-reporting institutions.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCRXDCCAA), retrieved from FRED.