National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Portugal
PRTGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,458,674,000.00
Year-over-Year Change
20.17%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Portugal, a key component of the country's gross domestic product (GDP) by expenditure at current prices.
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 Portugal's public sector on goods and services, and is a vital statistic for understanding the role of government in the national economy.
Methodology
This data is collected and calculated by Portugal's National Statistical Institute.
Historical Context
Tracking government consumption is crucial for economic policymakers and analysts assessing Portugal's fiscal policy and macroeconomic conditions.
Key Facts
- Government consumption was 19.7% of Portugal's GDP in 2021.
- Portugal's government consumption has increased by 4.6% over the past decade.
- Public sector spending accounts for a larger share of GDP in Portugal than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure, which represents spending by Portugal's public sector on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Tracking government consumption is crucial for understanding Portugal's fiscal policy and overall macroeconomic conditions.
Q: How is this data collected or calculated?
A: This data is collected and calculated by Portugal's National Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the role of government spending in Portugal's economy and evaluate fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 quarter delay by the National Statistical Institute.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Portugal (PRTGFCEQDSMEI), retrieved from FRED.