Real General Government Final Consumption Expenditure for Japan
NCGGRSAXDCJPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,820,525.00
Year-over-Year Change
1.24%
Date Range
1/1/1994 - 1/1/2025
Summary
The Real General Government Final Consumption Expenditure for Japan measures inflation-adjusted government spending on goods and services in Japan. This metric is a key indicator of the size and role of the public sector 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
This series represents the volume of government consumption expenditure in Japan, including spending on public administration, defense, health, education, and other social services. It is an important macroeconomic indicator used to analyze the fiscal policy stance and the government's contribution to overall economic activity.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on national accounts information.
Historical Context
Economists and policymakers monitor this trend to assess the scale of government involvement in the Japanese economy and its implications for growth, inflation, and fiscal sustainability.
Key Facts
- Japan's real government consumption expenditure was 107.3 in 2021.
- Government spending accounted for 19.7% of Japan's GDP in 2021.
- Japan's government consumption has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the volume of final consumption expenditure by general government in Japan, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the size and role of the public sector in the Japanese economy and analyzing fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to evaluate the government's contribution to economic activity and the implications for growth, inflation, and fiscal sustainability.
Q: Are there update delays or limitations?
A: The data is published by the OECD with some lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real General Government Final Consumption Expenditure for Japan (NCGGRSAXDCJPQ), retrieved from FRED.