National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for G7
G7NAEXKP02GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.09
Year-over-Year Change
-68.92%
Date Range
1/1/1963 - 1/1/2025
Summary
This economic trend measures private final consumption expenditure in constant prices for the G7 countries. It provides valuable insights into consumer demand and economic activity across major advanced economies.
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
The National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for G7 metric tracks household spending on goods and services in the G7 nations, adjusted for inflation. This key indicator offers a comprehensive view of consumer behavior and its influence on overall economic performance.
Methodology
The data is collected and calculated by national statistical agencies and aggregated by the OECD.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to assess consumer confidence and make informed decisions.
Key Facts
- The G7 economies account for over 60% of global GDP.
- Consumer spending makes up around 60% of GDP in advanced economies.
- The G7 private consumption metric is a leading indicator of economic growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks private final consumption expenditure in constant prices for the G7 countries, which include the U.S., Japan, Germany, U.K., France, Italy, and Canada.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical driver of economic activity, and this comprehensive G7 metric provides valuable insights into demand conditions across major advanced economies.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by national statistical agencies and the OECD.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this indicator to assess consumer confidence and make informed decisions about economic and financial conditions.
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.
Related Trends
Composite Leading Indicators: Reference Series (GDP) Normalized for G7
G7LORSGPNOSTSAM
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for G7
G7LFIN55MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 55 to 64 Years for G7
G7LFIN55FESTQ
Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for G7
G7LFEM24FEGPQ
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for G7
G7LFUN64MASTQ
Infra-Annual Labor Statistics: Unemployment Female: From 25 to 54 Years for G7
G7LFUN25FESTQ
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for G7 (G7NAEXKP02GYSAQ), retrieved from FRED.