National Accounts: GDP by Expenditure: Constant Prices: Less Imports of Goods and Services for G7
G7NAEXKP07GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.84
Year-over-Year Change
30.39%
Date Range
4/1/1962 - 1/1/2025
Summary
This series tracks real gross domestic product (GDP) in G7 countries, excluding imports of goods and services. It is a key indicator of economic activity and growth 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: Less Imports of Goods and Services for G7' represents total domestic final expenditure, including consumption, investment, and government spending, in the G7 countries. This adjusted GDP metric provides important insight into the underlying drivers of economic performance.
Methodology
The data is compiled by the OECD based on national accounts statistics from member countries.
Historical Context
This GDP metric is widely used by policymakers, analysts, and investors to assess the health and trajectory of the global economy.
Key Facts
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
- This GDP metric excludes imports to better reflect domestic economic activity.
- Real GDP growth in the G7 averaged 2.3% annually from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: This series tracks real gross domestic product (GDP) in the G7 countries, excluding imports of goods and services. It provides a measure of domestic economic activity and output.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric is a key indicator of economic performance and growth across major advanced economies. It is widely used by policymakers, analysts, and investors to assess the health and trajectory of the global economy.
Q: How is this data collected or calculated?
A: The data is compiled by the OECD based on national accounts statistics from member countries.
Q: How is this trend used in economic policy?
A: This GDP metric is used by policymakers, central banks, and international organizations to monitor and assess the state of the global economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months. There may also be revisions to historical data as national statistical agencies update their estimates.
Related Trends
Balance of Payments: Portfolio Investment: Liabilities (or Net Incurrence of Liabilities) for G7
G7B6FAPI03CXCUQ
Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for G7
G7LFHUTTFESTQ
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for G7
G7LFUNTTMASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: 15 Years or over for G7
G7LFINTTTTSTQ
Infra-Annual Labor Statistics: Unemployment Female: From 15 to 24 Years for G7
G7LFUN24FESTSAQ
Infra-Annual Labor Statistics: Unemployment Female: From 15 to 24 Years for G7
G7LFUN24FESTQ
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less Imports of Goods and Services for G7 (G7NAEXKP07GPSAQ), retrieved from FRED.