National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Luxembourg
LUXGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,832,785,000.00
Year-over-Year Change
26.58%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Luxembourg, which is a key component of the country's gross domestic product (GDP).
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
Government final consumption expenditure represents the value of goods and services consumed by government to directly satisfy the individual and collective needs of the population. This indicator is crucial for understanding the role of the public sector in the Luxembourg economy.
Methodology
The data is collected and calculated by the Luxembourg Institute of Statistics.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess the fiscal and economic health of Luxembourg.
Key Facts
- Luxembourg's government final consumption expenditure was 20.4% of GDP in 2021.
- This trend has shown steady growth over the past decade.
- The public sector plays a significant role in the Luxembourg economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure, which is the value of goods and services consumed by the government in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the role of the public sector in the Luxembourg economy and assessing the country's fiscal and economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Luxembourg Institute of Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and analysts to monitor and evaluate Luxembourg's fiscal and economic performance.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Luxembourg Institute of Statistics, with minimal delays.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Luxembourg (LUXGFCEQDSMEI), retrieved from FRED.