National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Portugal
NAEXKP03PTQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,110,306,000.00
Year-over-Year Change
5.42%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the constant-price government final consumption expenditure in Portugal, a key component of the country's Gross Domestic Product (GDP) by expenditure approach.
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 spending by public institutions on goods and services, providing insight into the scale and role of the public sector in the Portuguese economy. Analysts use this data to assess fiscal policy and the government's contribution to overall economic activity.
Methodology
The data is collected and calculated by Portugal's national statistical agency based on official government financial records.
Historical Context
Policymakers and economists monitor this indicator to gauge the Portuguese government's fiscal stance and its impact on economic growth.
Key Facts
- Portugal's government final consumption expenditure accounts for over 18% of its GDP.
- This indicator has grown by an average of 1.2% annually over the past decade.
- Government spending is a major driver of Portugal's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant-price government final consumption expenditure in Portugal, which represents spending by public institutions on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the scale and role of the public sector in the Portuguese economy, allowing analysts to assess fiscal policy and the government's contribution to overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Portugal's national statistical agency based on official government financial records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to gauge the Portuguese government's fiscal stance and its impact on economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological practices of Portugal'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 Portugal (NAEXKP03PTQ652S), retrieved from FRED.