Real Final Consumption Expenditure for Saudi Arabia
Annual
NCRXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,018,628.00
Year-over-Year Change
58.14%
Date Range
1/1/2010 - 1/1/2024
Summary
The Annual trend measures the annual rate of change in real disposable personal income. It is a key indicator of consumer purchasing power and economic growth.
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
Real disposable personal income represents the amount of income available to households for spending and saving after accounting for taxes and inflation. This metric is widely used by economists and policymakers to assess consumer financial health and broader economic conditions.
Methodology
The data is calculated from personal income and consumer price index figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in real disposable income are closely watched by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Annual growth in real disposable income averaged 2.4% from 1960-2022.
- Disposable income declined in 2020 due to the COVID-19 pandemic.
- Household savings rates tend to rise when real disposable income growth is strong.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in real disposable personal income, which represents the inflation-adjusted income available to households for spending and saving.
Q: Why is this trend relevant for users or analysts?
A: Trends in real disposable income are a key indicator of consumer purchasing power and a driver of economic growth. This metric is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using personal income and consumer price index figures.
Q: How is this trend used in economic policy?
A: Movements in real disposable income inform Federal Reserve and government decisions on monetary and fiscal policies to support consumer spending and economic growth.
Q: Are there update delays or limitations?
A: The Annual data is released on a monthly basis with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual (NCRXDCSAA), retrieved from FRED.