National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Norway
NAEXKP03NOQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
253,427,000,000.00
Year-over-Year Change
7.46%
Date Range
1/1/1978 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Norway, adjusted for inflation, which is a key component of Norway's gross domestic product (GDP) and an important indicator of fiscal policy and public spending.
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 trend is a valuable indicator of the government's role in the Norwegian economy and can inform analysis of fiscal and macroeconomic policies.
Methodology
The data is collected and calculated by Norway's national statistical agency based on national accounts.
Historical Context
This trend is closely watched by economists, policymakers, and investors to assess the health of the Norwegian economy and the government's fiscal stance.
Key Facts
- Norway's government final consumption expenditure was 732.7 billion Norwegian kroner in 2021.
- Government consumption accounted for 15.9% of Norway's GDP in 2021.
- Real government consumption grew by 3.7% in Norway in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Norway, which represents the value of goods and services consumed by the Norwegian government.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of the government's role in the Norwegian economy and can inform analysis of fiscal and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Norway's national statistical agency based on national accounts.
Q: How is this trend used in economic policy?
A: This trend is closely watched by economists, policymakers, and investors to assess the health of the Norwegian economy and the government's fiscal stance.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and publication policies of Norway's national statistical agency.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Norway (NAEXKP03NOQ189S), retrieved from FRED.