Real Government Consumption for Japan
JPNRGDPGC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,949.50
Year-over-Year Change
1.82%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'Real Government Consumption for Japan' trend measures the inflation-adjusted spending by the Japanese government on goods and services. This metric is a key indicator of fiscal policy and public sector economic activity.
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 series represents the real, chained volume measure of government final consumption expenditure in Japan. It is a component of the country's gross domestic product (GDP) and helps analysts understand the size and direction of government's role in the broader economy.
Methodology
The data is collected and calculated by Japan's Cabinet Office based on surveys of government agencies and spending.
Historical Context
Real government consumption is closely monitored by policymakers, investors, and economists to assess Japan's fiscal and macroeconomic conditions.
Key Facts
- Japan's government consumption accounts for over 20% of its GDP.
- Real government consumption grew by 1.5% in 2021 compared to the prior year.
- Government spending is a key driver of Japan's economic growth and stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted spending by the Japanese government on goods and services, which is a component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: Real government consumption is a key indicator of fiscal policy and public sector economic activity in Japan, providing insights into the government's role in driving the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Japan's Cabinet Office based on surveys of government agencies and spending.
Q: How is this trend used in economic policy?
A: Real government consumption is closely monitored by policymakers, investors, and economists to assess Japan's fiscal and macroeconomic conditions, which informs decision-making and policy actions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Government Consumption for Japan (JPNRGDPGC), retrieved from FRED.