Total Construction for the Russian Federation
PRCNTO01RUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.07
Year-over-Year Change
-833.42%
Date Range
4/1/2004 - 7/1/2018
Summary
The 'Total Construction for the Russian Federation' metric measures the total value of construction activity in Russia, providing insight into the country's economic conditions and investment environment.
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 indicator tracks the total value of both residential and non-residential construction projects completed in Russia. It is an important signal of infrastructure investment, real estate development, and overall economic growth in the country.
Methodology
The data is collected through surveys of construction firms and government agencies in Russia.
Historical Context
Policymakers and investors closely monitor this trend to assess the health of the Russian economy and guide decisions on economic policies and market strategies.
Key Facts
- Russia is one of the world's largest construction markets.
- Construction accounts for around 6% of Russia's GDP.
- Total construction values reached a record high in 2019.
FAQs
Q: What does this economic trend measure?
A: The 'Total Construction for the Russian Federation' metric measures the total value of all construction activity, including residential and non-residential projects, completed in Russia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into Russia's economic conditions, infrastructure investment, and real estate development, making it a closely watched metric for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies in Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Russian economy and guide decisions on economic policies and market strategies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of several months.
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Citation
U.S. Federal Reserve, Total Construction for the Russian Federation (PRCNTO01RUQ657S), retrieved from FRED.