Nominal Final Consumption Expenditure for Russia
Annual
NCXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,628,076.30
Year-over-Year Change
189.02%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the percentage change in real disposable personal income per capita. It is a key economic indicator used by policymakers to assess consumer purchasing power and the overall health of the 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
Real disposable personal income per capita adjusts personal income for inflation and taxes, providing a measure of the resources available to households for spending or saving. This trend is closely watched by economists and policymakers to understand consumer behavior and broader macroeconomic trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on personal income and population statistics.
Historical Context
Changes in real disposable income per capita can signal shifts in consumer confidence and spending, which have important implications for economic policy and financial markets.
Key Facts
- The Annual trend reached a high of 3.7% in 2021.
- Real disposable income per capita fell by 3.6% in 2020 due to the COVID-19 pandemic.
- This metric is a key input for forecasting consumer demand and GDP growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in real disposable personal income per capita, which represents the inflation-adjusted income available to households after taxes.
Q: Why is this trend relevant for users or analysts?
A: Changes in real disposable income per capita are closely watched by economists, policymakers, and investors as an indicator of consumer purchasing power and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on personal income and population statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess consumer confidence and spending patterns, which can inform decisions around monetary and fiscal policy aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The Annual data is published on a monthly basis by the Federal Reserve, with a typical release lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual (NCXDCRUA), retrieved from FRED.