Private Final Consumption Expenditure in Japan
JPNPFCEQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
293,729,300,000,000.00
Year-over-Year Change
1.85%
Date Range
1/1/1994 - 1/1/2024
Summary
Private Final Consumption Expenditure (PFCE) in Japan measures total household and nonprofit spending on goods and services. It is a key indicator of domestic demand and consumer confidence 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
PFCE represents the largest component of Japan's gross domestic product (GDP), accounting for over half of total economic activity. Economists and policymakers closely monitor PFCE trends to assess the health of consumer spending and overall economic conditions.
Methodology
The data is collected and calculated by Japan's Cabinet Office based on national accounts.
Historical Context
PFCE is a vital input for fiscal and monetary policy decisions by the Bank of Japan and Japanese government.
Key Facts
- PFCE makes up over 55% of Japan's GDP.
- Consumer spending has slowed in recent years due to economic uncertainty.
- The COVID-19 pandemic significantly impacted PFCE in 2020.
FAQs
Q: What does this economic trend measure?
A: The Private Final Consumption Expenditure (PFCE) in Japan measures total household and nonprofit spending on goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: PFCE is a crucial indicator of domestic demand and consumer confidence in the Japanese economy, making it a vital data point for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Japan's Cabinet Office based on national accounts.
Q: How is this trend used in economic policy?
A: PFCE is a key input for fiscal and monetary policy decisions by the Bank of Japan and Japanese government, as it reflects the strength of consumer spending and overall economic conditions.
Q: Are there update delays or limitations?
A: The PFCE data is published quarterly with a lag of approximately 2-3 months.
Related Trends
Amount Outstanding of Domestic Debt Securities for General Government Issuers, All Maturities, Residence of Issuer in Japan
DSAMRIAOGGJP
Constant GDP per capita for Japan
NYGDPPCAPKDJPN
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Japan
LRACTTTTJPM156S
Inflation, consumer prices for Japan
FPCPITOTLZGJPN
International Trade: Exports: Value (Goods): Total for Japan
XTEXVA01JPQ188S
Total Reserves excluding Gold for Japan
TRESEGJPM052N
Citation
U.S. Federal Reserve, Private Final Consumption Expenditure in Japan (JPNPFCEQDSNAQ), retrieved from FRED.