National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Japan
Annual
JPNPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311,062,500,000,000.00
Year-over-Year Change
8.20%
Date Range
1/1/1994 - 1/1/2022
Summary
The Annual trend measures the annual percent change in household final consumption expenditure for Japan. This metric is a key indicator of consumer demand and economic activity.
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
Household final consumption expenditure represents the market value of all goods and services purchased by households. The annual percent change in this metric provides insight into the growth rate of consumer spending, a critical component of GDP.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
Economists and policymakers closely monitor consumer spending trends to assess the health of the broader economy.
Key Facts
- Japan's annual consumption expenditure grew by 1.1% in 2021.
- Consumer spending accounts for over 50% of Japan's GDP.
- The COVID-19 pandemic led to a 4.7% decline in Japan's consumption expenditure in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in household final consumption expenditure for Japan. This metric tracks the growth rate of consumer spending.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical component of economic activity, so this trend provides valuable insight into the health and direction of the Japanese economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using information from national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor consumer spending trends to assess the strength of domestic demand and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (JPNPFCEADSMEI), retrieved from FRED.