National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Japan
NAEXKP02JPQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74,438,525,000,000.00
Year-over-Year Change
3.65%
Date Range
1/1/1994 - 7/1/2023
Summary
This economic trend measures Japan's private final consumption expenditure, a key component of its gross domestic product (GDP). It provides important insights into the strength of consumer demand and household spending in the Japanese 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
Private final consumption expenditure represents the value of goods and services purchased by Japanese households. It is a vital indicator of economic activity and consumer confidence, and is closely monitored by policymakers and analysts to assess the overall health of the Japanese economy.
Methodology
The data is collected by Japan's Cabinet Office and calculated based on national accounts data.
Historical Context
This trend is widely used by economists, investors, and policymakers to inform economic forecasts and guide policy decisions.
Key Facts
- Japan's private consumption accounts for over 50% of its GDP.
- Household spending has been a key driver of Japan's economic recovery.
- Fluctuations in private consumption can signal changes in consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services purchased by Japanese households, which is a key component of Japan's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a vital indicator of economic activity and consumer confidence in Japan, and is closely monitored by policymakers and analysts to assess the overall health of the Japanese economy.
Q: How is this data collected or calculated?
A: The data is collected by Japan's Cabinet Office and calculated based on national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, investors, and policymakers to inform economic forecasts and guide policy decisions in Japan.
Q: Are there update delays or limitations?
A: There may be some update delays or limitations in the data, as it is based on national accounts data collected by the Japanese government.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Japan (NAEXKP02JPQ189S), retrieved from FRED.