National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Czech Republic
NAEXKP03CZQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.21
Year-over-Year Change
-92.84%
Date Range
4/1/1996 - 1/1/2025
Summary
This economic trend measures government final consumption expenditure in the Czech Republic, adjusted for inflation. It is an important indicator of the government's contribution to overall 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
Government final consumption expenditure represents spending by the public sector on goods and services. This metric is a key component of GDP and provides insight into the fiscal policy and macroeconomic conditions in the Czech Republic.
Methodology
The data is collected and calculated by the Czech Statistical Office based on national accounts.
Historical Context
Policymakers and analysts monitor this trend to assess the role of government spending in the Czech economy.
Key Facts
- Government final consumption is approximately 20% of Czech GDP.
- This metric has grown by an average of 2% annually over the past decade.
- Real government spending increased during the COVID-19 pandemic to support the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in the Czech Republic, which represents spending by the public sector on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Government consumption is a key component of GDP and provides insight into fiscal policy and macroeconomic conditions in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech Statistical Office based on national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the role of government spending in the Czech economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Czech Republic (NAEXKP03CZQ657S), retrieved from FRED.