National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Luxembourg
NAEXKP03LUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,951,332,000.00
Year-over-Year Change
10.35%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic indicator measures the constant-price government final consumption expenditure in Luxembourg. It is a key component of the country's gross domestic product (GDP) and provides insights into the role of the public sector in the 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 produced by the government for its own use. This statistic is an important indicator of fiscal policy and the relative size of the public sector within Luxembourg's economy.
Methodology
The data is collected and calculated by the Luxembourg national statistical agency based on national accounts principles.
Historical Context
Policymakers and economists analyze this indicator to assess the government's role in economic activity and the broader fiscal position.
Key Facts
- Luxembourg's government consumption expenditure accounts for around 15% of its GDP.
- This indicator is adjusted for inflation to show real, constant-price changes.
- Public sector spending is an important policy lever for stimulating economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the constant-price value of goods and services produced by the Luxembourg government for its own use, a key component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: Government consumption expenditure provides insights into the role of the public sector in the economy and is an important indicator for fiscal policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Luxembourg national statistical agency based on national accounts principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this indicator to assess the government's role in economic activity and the broader fiscal position.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with some potential for minor revisions over time.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Luxembourg (NAEXKP03LUQ189S), retrieved from FRED.