National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Japan
NAEXKP03JPQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,044,750,000,000.00
Year-over-Year Change
5.18%
Date Range
1/1/1994 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Japan, adjusted for inflation. It provides insight into the role of government 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
Government final consumption expenditure represents the value of goods and services consumed by the government. This metric is a key component of a country's gross domestic product (GDP) and helps economists and policymakers understand the level and composition of government activity.
Methodology
The data is collected and calculated by Japan's Cabinet Office based on national accounts.
Historical Context
Policymakers and analysts monitor this trend to assess the fiscal policy stance and its impact on overall economic performance.
Key Facts
- Government consumption accounts for around 20% of Japan's GDP.
- Real government consumption in Japan has been relatively stable in recent years.
- Japan's government consumption spending tends to be lower as a share of GDP compared to other advanced economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Japan, which represents the value of goods and services consumed by the government.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key component of Japan's GDP and helps economists and policymakers understand the level and composition of government activity and its impact on the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Japan's Cabinet Office based on national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the fiscal policy stance and its impact on overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and revisions of Japan's national accounts release schedule.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Japan (NAEXKP03JPQ189S), retrieved from FRED.