Nominal Final Consumption Expenditure for Japan
NCXDCJPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
455,318,400.00
Year-over-Year Change
17.18%
Date Range
1/1/1994 - 1/1/2024
Summary
The Nominal Final Consumption Expenditure for Japan measures the total value of goods and services purchased by Japanese households and non-profit institutions. It is a key indicator of domestic consumer demand and economic health.
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
This economic series represents the total nominal (unadjusted for inflation) value of private consumption in Japan. It is a widely tracked metric that provides insight into the strength of the Japanese economy and consumer sector.
Methodology
The data is collected and reported quarterly by the Cabinet Office of the Government of Japan.
Historical Context
Policymakers and analysts use this consumption metric to assess the state of the Japanese economy and consumer confidence.
Key Facts
- Japan is the world's third-largest economy.
- Consumer spending accounts for over 50% of Japan's GDP.
- Nominal consumption growth is a closely watched economic signal.
FAQs
Q: What does this economic trend measure?
A: The Nominal Final Consumption Expenditure for Japan measures the total value of goods and services purchased by Japanese households and non-profit institutions.
Q: Why is this trend relevant for users or analysts?
A: This consumption metric provides insight into the strength of the Japanese economy and consumer demand, which is a key driver of overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the Cabinet Office of the Government of Japan.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this consumption metric to assess the state of the Japanese economy and consumer confidence, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 2-3 month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Nominal Final Consumption Expenditure for Japan (NCXDCJPA), retrieved from FRED.