National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Switzerland
NAEXKP03CHQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,284,110,344.00
Year-over-Year Change
3.10%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Switzerland, adjusted for inflation. It is a key indicator of public sector activity and a component of the country's gross domestic product (GDP).
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 to directly satisfy the individual and collective needs of the population. This metric is used by economists and policymakers to analyze the role of the public sector in the Swiss economy.
Methodology
The data is collected by the Swiss Federal Statistical Office and calculated based on national accounts principles.
Historical Context
This trend provides important context for assessing the size and composition of Switzerland's GDP and evaluating the government's fiscal and economic policies.
Key Facts
- Switzerland's government final consumption expenditure was 108.61 billion Swiss francs in 2021.
- Government spending accounted for 12.2% of Switzerland's GDP in 2021.
- This trend has shown a steady increase over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services consumed by the Swiss government to directly satisfy the individual and collective needs of the population.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important component of Switzerland's GDP and provides insights into the role of the public sector in the country's economy.
Q: How is this data collected or calculated?
A: The data is collected by the Swiss Federal Statistical Office and calculated based on national accounts principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the size and composition of government spending and evaluate the government's fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Swiss Federal Statistical Office, but there may be some delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Switzerland (NAEXKP03CHQ652S), retrieved from FRED.