National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Slovak Republic
Annual
SVKPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,428,651,000.00
Year-over-Year Change
73.10%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Household Final Consumption Expenditure (HFCE) trend measures the total consumption spending by households in Slovakia. 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
The Annual HFCE series tracks the total value of goods and services purchased by Slovak households. It is a widely-used metric for evaluating the health and growth of the Slovak economy from the consumer perspective.
Methodology
The data is compiled by Slovakia's Statistical Office based on household surveys and national accounts.
Historical Context
Policymakers and analysts monitor HFCE to assess domestic consumption patterns and make informed decisions about fiscal, monetary, and social policies.
Key Facts
- HFCE accounts for over 50% of Slovakia's GDP.
- HFCE grew by 3.2% in 2021 after declining in 2020.
- Durable goods purchases make up around 15% of total HFCE.
FAQs
Q: What does this economic trend measure?
A: The Annual Household Final Consumption Expenditure (HFCE) trend measures the total value of goods and services purchased by Slovak households.
Q: Why is this trend relevant for users or analysts?
A: HFCE is a key indicator of domestic demand and consumer confidence, making it crucial for evaluating the health of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is compiled by Slovakia's Statistical Office based on household surveys and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor HFCE to assess consumer spending patterns and make informed decisions about fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The HFCE data is typically published on an annual basis with a lag of several months.
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Citation
U.S. Federal Reserve, Annual Household Final Consumption Expenditure (SVKPFCEADSMEI), retrieved from FRED.