National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Slovak Republic
NAEXKP03SKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.27
Year-over-Year Change
13.84%
Date Range
1/1/1997 - 1/1/2022
Summary
This economic trend measures government final consumption expenditure in Slovakia, adjusted for inflation. It provides insight into the role of public spending in the country's economic growth and development.
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 is a key component of gross domestic product (GDP) and a crucial indicator of fiscal policy and public sector activity. Analyzing this trend can help economists and policymakers understand the government's influence on the overall economy.
Methodology
The data is collected and calculated by the Slovak Statistical Office based on the European System of Accounts (ESA) methodology.
Historical Context
This trend is widely used by analysts, institutions, and policymakers to assess the health of the Slovak economy and inform fiscal and economic policy decisions.
Key Facts
- Government consumption accounted for 19.2% of Slovakia's GDP in 2021.
- The trend has shown steady growth in real government spending since the early 2000s.
- Slovakia's government consumption expenditure is lower than the EU average.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Slovakia, which includes spending on goods and services by the public sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the role of government in the Slovak economy and can inform fiscal policy decisions and economic growth strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Slovak Statistical Office based on the European System of Accounts (ESA) methodology.
Q: How is this trend used in economic policy?
A: Analysts, institutions, and policymakers use this trend to assess the health of the Slovak economy and inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Slovak Statistical Office, with a typical release lag of several months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Slovak Republic (NAEXKP03SKA661S), retrieved from FRED.