Nominal Final Consumption Expenditure for Argentina
NCSAXDCARQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171,015,240.70
Year-over-Year Change
1228.28%
Date Range
1/1/2004 - 1/1/2025
Summary
The Nominal Final Consumption Expenditure for Argentina measures the total value of goods and services purchased by households and non-profit institutions. It is a key indicator of economic activity and consumer 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 metric represents the total final consumption expenditure in the Argentine economy, including both household consumption and the consumption of non-profit institutions serving households. It is a widely-used gauge of domestic economic conditions and consumer spending patterns.
Methodology
The data is collected and calculated by the National Institute of Statistics and Censuses of Argentina.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the health of the Argentine economy and make informed decisions.
Key Facts
- Argentina's nominal final consumption expenditure totaled $283 billion in 2021.
- Household consumption accounts for over 70% of Argentina's total final consumption expenditure.
- The consumption expenditure metric has shown volatility in recent years due to economic challenges in Argentina.
FAQs
Q: What does this economic trend measure?
A: The Nominal Final Consumption Expenditure for Argentina measures the total value of goods and services purchased by households and non-profit institutions in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of domestic demand and consumer spending, providing insights into the overall health of the Argentine economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Institute of Statistics and Censuses of Argentina.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the strength of consumer demand and make informed decisions about economic policy.
Q: Are there update delays or limitations?
A: There may be delays in the release of this data, and the metric may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Nominal Final Consumption Expenditure for Argentina (NCSAXDCARQ), retrieved from FRED.