diff --git a/python/gui/auto_generated/layout/qgslayoutitemguiregistry.sip.in b/python/gui/auto_generated/layout/qgslayoutitemguiregistry.sip.in
index 2ee14ccb48af..e5bdef476c00 100644
--- a/python/gui/auto_generated/layout/qgslayoutitemguiregistry.sip.in
+++ b/python/gui/auto_generated/layout/qgslayoutitemguiregistry.sip.in
@@ -188,6 +188,18 @@ QgsLayoutItemGuiRegistry is not usually directly created, but rather accessed th
 %Docstring
 Returns the metadata for the specified item ``metadataId``. Returns ``None`` if
 a corresponding ``metadataId`` was not found in the registry.
+%End
+
+    int metadataIdForItemType( int type ) const;
+%Docstring
+Returns the GUI item metadata ID which corresponds to the specified layout item ``type``.
+
+In the case that multiple GUI metadata classes exist for a single layout item ``type`` then
+only the first encountered GUI metadata ID will be returned.
+
+Returns -1 if no matching metadata is found in the GUI registry.
+
+.. versionadded:: 3.18
 %End
 
     bool addLayoutItemGuiMetadata( QgsLayoutItemAbstractGuiMetadata *metadata /Transfer/ );
@@ -219,12 +231,15 @@ Returns a reference to the item group with matching ``id``.
 Creates a new instance of a layout item given the item metadata ``metadataId``, target ``layout``.
 %End
 
-    void newItemAddedToLayout( int metadataId, QgsLayoutItem *item );
+    void newItemAddedToLayout( int metadataId, QgsLayoutItem *item, const QVariantMap &properties = QVariantMap() );
 %Docstring
 Called when a newly created item of the associated metadata ``metadataId`` has been added to a layout.
 
 This is only called for additions which result from GUI operations - i.e. it is not
 called for items added from templates.
+
+Since QGIS 3.18 the optional ``properties`` argument can be used to pass custom properties to the
+:py:func:`QgsLayoutItemGuiMetadata.newItemAddedToLayout()` function.
 %End
 
 
diff --git a/python/gui/auto_generated/layout/qgslayoutviewtooladditem.sip.in b/python/gui/auto_generated/layout/qgslayoutviewtooladditem.sip.in
index 33c2b9c90b75..7a886a40a48d 100644
--- a/python/gui/auto_generated/layout/qgslayoutviewtooladditem.sip.in
+++ b/python/gui/auto_generated/layout/qgslayoutviewtooladditem.sip.in
@@ -49,9 +49,32 @@ from :py:class:`QgsLayoutItemGuiRegistry`.
 
     virtual void layoutReleaseEvent( QgsLayoutViewMouseEvent *event );
 
+    virtual void activate();
+
     virtual void deactivate();
 
 
+    QVariantMap customProperties() const;
+%Docstring
+Returns any custom properties set for the tool.
+
+.. seealso:: :py:func:`setCustomProperties`
+
+.. versionadded:: 3.18
+%End
+
+    void setCustomProperties( const QVariantMap &properties );
+%Docstring
+Sets custom ``properties`` for the tool.
+
+These properties are transient, and are cleared whenever the tool is activated. Callers must ensure
+that the properties are set only after the tool is activated.
+
+.. seealso:: :py:func:`customProperties`
+
+.. versionadded:: 3.18
+%End
+
   signals:
 
     void createdItem();
diff --git a/src/app/layout/qgslayoutdesignerdialog.cpp b/src/app/layout/qgslayoutdesignerdialog.cpp
index 2c5480cf87a4..1ea99142430c 100644
--- a/src/app/layout/qgslayoutdesignerdialog.cpp
+++ b/src/app/layout/qgslayoutdesignerdialog.cpp
@@ -73,6 +73,7 @@
 #include "qgsabstractvaliditycheck.h"
 #include "qgsvaliditycheckcontext.h"
 #include "qgsprojectviewsettings.h"
+#include "qgslayoutlabelwidget.h"
 #include "ui_defaults.h"
 
 #include <QShortcut>
@@ -407,6 +408,23 @@ QgsLayoutDesignerDialog::QgsLayoutDesignerDialog( QWidget *parent, Qt::WindowFla
 
   connect( mActionClose, &QAction::triggered, this, &QWidget::close );
 
+  mDynamicTextMenu = new QMenu( tr( "Dynamic Text" ), this );
+
+  connect( mDynamicTextMenu, &QMenu::aboutToShow, this, [ = ]
+  {
+    mDynamicTextMenu->clear();
+    // we need to rebuild this on each show, as the content varies depending on other available items...
+    QgsLayoutLabelWidget::buildInsertDynamicTextMenu( mLayout, mDynamicTextMenu, [ = ]( const QString & expression )
+    {
+      activateNewItemCreationTool( QgsGui::layoutItemGuiRegistry()->metadataIdForItemType( QgsLayoutItemRegistry::LayoutLabel ), false );
+      QVariantMap properties;
+      properties.insert( QStringLiteral( "expression" ), expression );
+      mAddItemTool->setCustomProperties( properties );
+    } );
+  } );
+
+  mItemMenu->addMenu( mDynamicTextMenu );
+
   // populate with initial items...
   const QList< int > itemMetadataIds = QgsGui::layoutItemGuiRegistry()->itemMetadataIds();
   for ( int id : itemMetadataIds )
diff --git a/src/app/layout/qgslayoutdesignerdialog.h b/src/app/layout/qgslayoutdesignerdialog.h
index 9b0e43bd1d6f..95575e52ee83 100644
--- a/src/app/layout/qgslayoutdesignerdialog.h
+++ b/src/app/layout/qgslayoutdesignerdialog.h
@@ -465,6 +465,8 @@ class QgsLayoutDesignerDialog: public QMainWindow, public Ui::QgsLayoutDesignerB
     QAction *mActionPaste = nullptr;
     QProgressBar *mStatusProgressBar = nullptr;
 
+    QMenu *mDynamicTextMenu = nullptr;
+
     struct PanelStatus
     {
       PanelStatus( bool visible = true, bool active = false )
diff --git a/src/gui/layout/qgslayoutguiutils.cpp b/src/gui/layout/qgslayoutguiutils.cpp
index 92085a181ffa..51f643043fdc 100644
--- a/src/gui/layout/qgslayoutguiutils.cpp
+++ b/src/gui/layout/qgslayoutguiutils.cpp
@@ -117,7 +117,7 @@ void QgsLayoutGuiUtils::registerGuiForKnownItemTypes( QgsMapCanvas *mapCanvas )
   {
     return new QgsLayoutMapWidget( qobject_cast< QgsLayoutItemMap * >( item ), mapCanvas );
   }, createRubberBand );
-  mapItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item )
+  mapItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item, const QVariantMap & )
   {
     QgsLayoutItemMap *map = qobject_cast< QgsLayoutItemMap * >( item );
     Q_ASSERT( map );
@@ -176,12 +176,12 @@ void QgsLayoutGuiUtils::registerGuiForKnownItemTypes( QgsMapCanvas *mapCanvas )
   {
     return new QgsLayoutLabelWidget( qobject_cast< QgsLayoutItemLabel * >( item ) );
   }, createRubberBand );
-  labelItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item )
+  labelItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item, const QVariantMap & properties )
   {
     QgsLayoutItemLabel *label = qobject_cast< QgsLayoutItemLabel * >( item );
     Q_ASSERT( label );
 
-    label->setText( QObject::tr( "Lorem ipsum" ) );
+    label->setText( properties.value( QStringLiteral( "expression" ) ).toString().isEmpty() ? QObject::tr( "Lorem ipsum" ) : QStringLiteral( "[% %1 %]" ).arg( properties.value( QStringLiteral( "expression" ) ).toString() ) );
     if ( QApplication::isRightToLeft() )
     {
       label->setHAlign( Qt::AlignRight );
@@ -205,7 +205,7 @@ void QgsLayoutGuiUtils::registerGuiForKnownItemTypes( QgsMapCanvas *mapCanvas )
   {
     return new QgsLayoutLegendWidget( qobject_cast< QgsLayoutItemLegend * >( item ), mapCanvas );
   }, createRubberBand );
-  legendItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item )
+  legendItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item, const QVariantMap & )
   {
     QgsLayoutItemLegend *legend = qobject_cast< QgsLayoutItemLegend * >( item );
     Q_ASSERT( legend );
@@ -246,7 +246,7 @@ void QgsLayoutGuiUtils::registerGuiForKnownItemTypes( QgsMapCanvas *mapCanvas )
   {
     return new QgsLayoutScaleBarWidget( qobject_cast< QgsLayoutItemScaleBar * >( item ) );
   }, createRubberBand );
-  scalebarItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item )
+  scalebarItemMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item, const QVariantMap & )
   {
     QgsLayoutItemScaleBar *scalebar = qobject_cast< QgsLayoutItemScaleBar * >( item );
     Q_ASSERT( scalebar );
@@ -294,7 +294,7 @@ void QgsLayoutGuiUtils::registerGuiForKnownItemTypes( QgsMapCanvas *mapCanvas )
     picture->setId( northArrowCount > 0 ? QObject::tr( "North Arrow %1" ).arg( northArrowCount + 1 ) : QObject::tr( "North Arrow" ) );
     return picture.release();
   } );
-  northArrowMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item )
+  northArrowMetadata->setItemAddedToLayoutFunction( [ = ]( QgsLayoutItem * item, const QVariantMap & )
   {
     QgsLayoutItemPicture *picture = qobject_cast< QgsLayoutItemPicture * >( item );
     Q_ASSERT( picture );
diff --git a/src/gui/layout/qgslayoutitemguiregistry.cpp b/src/gui/layout/qgslayoutitemguiregistry.cpp
index 31a58be1a137..cad43e1e3d0e 100644
--- a/src/gui/layout/qgslayoutitemguiregistry.cpp
+++ b/src/gui/layout/qgslayoutitemguiregistry.cpp
@@ -57,6 +57,16 @@ QgsLayoutItemAbstractGuiMetadata *QgsLayoutItemGuiRegistry::itemMetadata( int me
   return mMetadata.value( metadataId );
 }
 
+int QgsLayoutItemGuiRegistry::metadataIdForItemType( int type ) const
+{
+  for ( auto it = mMetadata.constBegin(); it != mMetadata.constEnd(); ++it )
+  {
+    if ( it.value()->type() == type )
+      return it.key();
+  }
+  return -1;
+}
+
 bool QgsLayoutItemGuiRegistry::addLayoutItemGuiMetadata( QgsLayoutItemAbstractGuiMetadata *metadata )
 {
   if ( !metadata )
@@ -95,12 +105,19 @@ QgsLayoutItem *QgsLayoutItemGuiRegistry::createItem( int metadataId, QgsLayout *
   return QgsApplication::layoutItemRegistry()->createItem( type, layout );
 }
 
-void QgsLayoutItemGuiRegistry::newItemAddedToLayout( int metadataId, QgsLayoutItem *item )
+void QgsLayoutItemGuiRegistry::newItemAddedToLayout( int metadataId, QgsLayoutItem *item, const QVariantMap &properties )
 {
   if ( !mMetadata.contains( metadataId ) )
     return;
 
-  mMetadata.value( metadataId )->newItemAddedToLayout( item );
+  if ( QgsLayoutItemGuiMetadata *metadata = dynamic_cast<QgsLayoutItemGuiMetadata *>( mMetadata.value( metadataId ) ) )
+  {
+    metadata->newItemAddedToLayout( item, properties );
+  }
+  else
+  {
+    mMetadata.value( metadataId )->newItemAddedToLayout( item );
+  }
 }
 
 QgsLayoutItemBaseWidget *QgsLayoutItemGuiRegistry::createItemWidget( QgsLayoutItem *item ) const
@@ -153,5 +170,11 @@ QgsLayoutItem *QgsLayoutItemGuiMetadata::createItem( QgsLayout *layout )
 void QgsLayoutItemGuiMetadata::newItemAddedToLayout( QgsLayoutItem *item )
 {
   if ( mAddedToLayoutFunc )
-    mAddedToLayoutFunc( item );
+    mAddedToLayoutFunc( item, QVariantMap() );
+}
+
+void QgsLayoutItemGuiMetadata::newItemAddedToLayout( QgsLayoutItem *item, const QVariantMap &properties )
+{
+  if ( mAddedToLayoutFunc )
+    mAddedToLayoutFunc( item, properties );
 }
diff --git a/src/gui/layout/qgslayoutitemguiregistry.h b/src/gui/layout/qgslayoutitemguiregistry.h
index 66bab7d69f88..6819b7eb6047 100644
--- a/src/gui/layout/qgslayoutitemguiregistry.h
+++ b/src/gui/layout/qgslayoutitemguiregistry.h
@@ -170,7 +170,7 @@ typedef std::function<QgsLayoutViewRubberBand *( QgsLayoutView * )> QgsLayoutIte
 typedef std::function<QAbstractGraphicsShapeItem *( QgsLayoutView * )> QgsLayoutNodeItemRubberBandFunc SIP_SKIP;
 
 //! Layout item added to layout callback
-typedef std::function<void ( QgsLayoutItem * )> QgsLayoutItemAddedToLayoutFunc SIP_SKIP;
+typedef std::function<void ( QgsLayoutItem *, const QVariantMap & )> QgsLayoutItemAddedToLayoutFunc SIP_SKIP;
 
 #ifndef SIP_RUN
 
@@ -272,8 +272,10 @@ class GUI_EXPORT QgsLayoutItemGuiMetadata : public QgsLayoutItemAbstractGuiMetad
     QgsLayoutItemBaseWidget *createItemWidget( QgsLayoutItem *item ) override { return mWidgetFunc ? mWidgetFunc( item ) : nullptr; }
     QgsLayoutViewRubberBand *createRubberBand( QgsLayoutView *view ) override { return mRubberBandFunc ? mRubberBandFunc( view ) : nullptr; }
     QAbstractGraphicsShapeItem *createNodeRubberBand( QgsLayoutView *view ) override { return mNodeRubberBandFunc ? mNodeRubberBandFunc( view ) : nullptr; }
+
     QgsLayoutItem *createItem( QgsLayout *layout ) override;
     void newItemAddedToLayout( QgsLayoutItem *item ) override;
+    void newItemAddedToLayout( QgsLayoutItem *item, const QVariantMap &properties );
 
   protected:
     QIcon mIcon;
@@ -370,6 +372,18 @@ class GUI_EXPORT QgsLayoutItemGuiRegistry : public QObject
      */
     QgsLayoutItemAbstractGuiMetadata *itemMetadata( int metadataId ) const;
 
+    /**
+     * Returns the GUI item metadata ID which corresponds to the specified layout item \a type.
+     *
+     * In the case that multiple GUI metadata classes exist for a single layout item \a type then
+     * only the first encountered GUI metadata ID will be returned.
+     *
+     * Returns -1 if no matching metadata is found in the GUI registry.
+     *
+     * \since QGIS 3.18
+     */
+    int metadataIdForItemType( int type ) const;
+
     /**
      * Registers the gui metadata for a new layout item type. Takes ownership of the metadata instance.
      */
@@ -417,8 +431,11 @@ class GUI_EXPORT QgsLayoutItemGuiRegistry : public QObject
      *
      * This is only called for additions which result from GUI operations - i.e. it is not
      * called for items added from templates.
+     *
+     * Since QGIS 3.18 the optional \a properties argument can be used to pass custom properties to the
+     * QgsLayoutItemGuiMetadata::newItemAddedToLayout() function.
      */
-    void newItemAddedToLayout( int metadataId, QgsLayoutItem *item );
+    void newItemAddedToLayout( int metadataId, QgsLayoutItem *item, const QVariantMap &properties = QVariantMap() );
 
     /*
      * IMPORTANT: While it seems like /Factory/ would be the correct annotations here, that's not
diff --git a/src/gui/layout/qgslayoutlabelwidget.cpp b/src/gui/layout/qgslayoutlabelwidget.cpp
index 1c44a2cc8884..f9ae1e7694d1 100644
--- a/src/gui/layout/qgslayoutlabelwidget.cpp
+++ b/src/gui/layout/qgslayoutlabelwidget.cpp
@@ -20,10 +20,14 @@
 #include "qgslayout.h"
 #include "qgsexpressionbuilderdialog.h"
 #include "qgsguiutils.h"
+#include "qgslayoutitemmap.h"
+#include "qgsvectorlayer.h"
 
 #include <QColorDialog>
 #include <QFontDialog>
 #include <QWidget>
+#include <QAction>
+#include <QMenu>
 
 QgsLayoutLabelWidget::QgsLayoutLabelWidget( QgsLayoutItemLabel *label )
   : QgsLayoutItemBaseWidget( nullptr, label )
@@ -64,6 +68,22 @@ QgsLayoutLabelWidget::QgsLayoutLabelWidget( QgsLayoutItemLabel *label )
 
   connect( mFontButton, &QgsFontButton::changed, this, &QgsLayoutLabelWidget::fontChanged );
   connect( mJustifyRadioButton, &QRadioButton::clicked, this, &QgsLayoutLabelWidget::justifyClicked );
+
+  mDynamicTextMenu = new QMenu( this );
+  mDynamicTextButton->setMenu( mDynamicTextMenu );
+
+  connect( mDynamicTextMenu, &QMenu::aboutToShow, this, [ = ]
+  {
+    mDynamicTextMenu->clear();
+    // we need to rebuild this on each show, as the content varies depending on other available items...
+    buildInsertDynamicTextMenu( mLabel->layout(), mDynamicTextMenu, [ = ]( const QString & expression )
+    {
+      mLabel->beginCommand( tr( "Insert dynamic text" ) );
+      mTextEdit->insertPlainText( "[%" + expression + "%]" );
+      mLabel->endCommand();
+    } );
+  } );
+
 }
 
 void QgsLayoutLabelWidget::setMasterLayout( QgsMasterLayoutInterface *masterLayout )
@@ -72,6 +92,132 @@ void QgsLayoutLabelWidget::setMasterLayout( QgsMasterLayoutInterface *masterLayo
     mItemPropertiesWidget->setMasterLayout( masterLayout );
 }
 
+void QgsLayoutLabelWidget::buildInsertDynamicTextMenu( QgsLayout *layout, QMenu *menu, const std::function<void ( const QString & )> &callback )
+{
+  auto addExpression = [&callback]( QMenu * menu, const QString & name, const QString & expression )
+  {
+    QAction *action = new QAction( name, menu );
+    connect( action, &QAction::triggered, action, [callback, expression]
+    {
+      callback( expression );
+    } );
+    menu->addAction( action );
+  };
+
+  QMenu *dateMenu = new QMenu( tr( "Current Date" ), menu );
+  for ( const std::pair< QString, QString > &expression :
+        {
+          std::make_pair( tr( "ISO Format (%1)" ).arg( QDateTime::currentDateTime().toString( QStringLiteral( "yyyy-MM-dd" ) ) ), QStringLiteral( "format_date(now(), 'yyyy-MM-dd')" ) ),
+          std::make_pair( tr( "Day/Month/Year (%1)" ).arg( QDateTime::currentDateTime().toString( QStringLiteral( "dd/MM/yyyy" ) ) ), QStringLiteral( "format_date(now(), 'dd/MM/yyyy')" ) ),
+          std::make_pair( tr( "Month/Day/Year (%1)" ).arg( QDateTime::currentDateTime().toString( QStringLiteral( "MM/dd/yyyy" ) ) ), QStringLiteral( "format_date(now(), 'MM/dd/yyyy')" ) ),
+        } )
+  {
+    addExpression( dateMenu, expression.first, expression.second );
+  }
+  menu->addMenu( dateMenu );
+
+  QMenu *mapsMenu = new QMenu( tr( "Map Properties" ), menu );
+  QList< QgsLayoutItemMap * > maps;
+  layout->layoutItems( maps );
+  for ( QgsLayoutItemMap *map : qgis::as_const( maps ) )
+  {
+    // these expressions require the map to have a non-empty ID set
+    if ( map->id().isEmpty() )
+      continue;
+
+    QMenu *mapMenu = new QMenu( map->displayName(), mapsMenu );
+    for ( const std::pair< QString, QString > &expression :
+          {
+            std::make_pair( tr( "Scale (%1)" ).arg( map->scale() ), QStringLiteral( "item_variables('%1')['map_scale']" ).arg( map->id() ) ),
+            std::make_pair( tr( "Rotation (%1)" ).arg( map->rotation() ), QStringLiteral( "item_variables('%1')['map_rotation']" ).arg( map->id() ) ),
+          } )
+    {
+      addExpression( mapMenu, expression.first, expression.second );
+    }
+    mapMenu->addSeparator();
+    for ( const std::pair< QString, QString > &expression :
+          {
+            std::make_pair( tr( "CRS Identifier (%1)" ).arg( map->crs().authid() ),  QStringLiteral( "item_variables('%1')['map_crs']" ).arg( map->id() ) ),
+            std::make_pair( tr( "CRS Name (%1)" ).arg( map->crs().description() ),  QStringLiteral( "item_variables('%1')['map_crs_description']" ).arg( map->id() ) ),
+            std::make_pair( tr( "Ellipsoid Name (%1)" ).arg( map->crs().ellipsoidAcronym() ),  QStringLiteral( "item_variables('%1')['map_crs_ellipsoid']" ).arg( map->id() ) ),
+            std::make_pair( tr( "Units (%1)" ).arg( QgsUnitTypes::toString( map->crs().mapUnits() ) ),  QStringLiteral( "item_variables('%1')['map_units']" ).arg( map->id() ) ),
+          } )
+    {
+      addExpression( mapMenu, expression.first, expression.second );
+    }
+    mapMenu->addSeparator();
+
+    const QgsRectangle mapExtent = map->extent();
+    const QgsPointXY center = mapExtent.center();
+    for ( const std::pair< QString, QString > &expression :
+          {
+            std::make_pair( tr( "Center (X) (%1)" ).arg( center.x() ),  QStringLiteral( "x(item_variables('%1')['map_extent_center'])" ).arg( map->id() ) ),
+            std::make_pair( tr( "Center (Y) (%1)" ).arg( center.y() ),  QStringLiteral( "y(item_variables('%1')['map_extent_center'])" ).arg( map->id() ) ),
+            std::make_pair( tr( "X Minimum (%1)" ).arg( mapExtent.xMinimum() ),  QStringLiteral( "x_min(item_variables('%1')['map_extent'])" ).arg( map->id() ) ),
+            std::make_pair( tr( "Y Minimum (%1)" ).arg( mapExtent.yMinimum() ),  QStringLiteral( "y_min(item_variables('%1')['map_extent'])" ).arg( map->id() ) ),
+            std::make_pair( tr( "X Maximum (%1)" ).arg( mapExtent.xMaximum() ),  QStringLiteral( "x_max(item_variables('%1')['map_extent'])" ).arg( map->id() ) ),
+            std::make_pair( tr( "Y Maximum (%1)" ).arg( mapExtent.yMaximum() ),  QStringLiteral( "y_max(item_variables('%1')['map_extent'])" ).arg( map->id() ) ),
+          } )
+    {
+      addExpression( mapMenu, expression.first, expression.second );
+    }
+    mapMenu->addSeparator();
+    for ( const std::pair< QString, QString > &expression :
+          {
+            std::make_pair( tr( "Layer Credits" ),  QStringLiteral( "array_to_string(map_credits('%1'))" ).arg( map->id() ) ),
+          } )
+    {
+      addExpression( mapMenu, expression.first, expression.second );
+    }
+    mapsMenu->addMenu( mapMenu );
+  }
+  menu->addMenu( mapsMenu );
+  menu->addSeparator();
+
+  if ( layout->reportContext().layer() )
+  {
+    const QgsFields fields = layout->reportContext().layer()->fields();
+
+    QMenu *fieldsMenu = new QMenu( tr( "Field" ), menu );
+    for ( const QgsField &field : fields )
+    {
+      addExpression( fieldsMenu, field.displayName(), QStringLiteral( "\"%1\"" ).arg( field.name() ) );
+    }
+
+    menu->addMenu( fieldsMenu );
+    menu->addSeparator();
+  }
+
+  for ( const std::pair< QString, QString > &expression :
+        {
+          std::make_pair( tr( "Layout Name" ), QStringLiteral( "@layout_name" ) ),
+          std::make_pair( tr( "Layout Page Number" ), QStringLiteral( "@layout_page" ) ),
+          std::make_pair( tr( "Layout Page Count" ), QStringLiteral( "@layout_numpages" ) )
+        } )
+  {
+    addExpression( menu, expression.first, expression.second );
+  }
+  menu->addSeparator();
+  for ( const std::pair< QString, QString > &expression :
+        {
+          std::make_pair( tr( "Project Author" ), QStringLiteral( "@project_author" ) ),
+          std::make_pair( tr( "Project Title" ), QStringLiteral( "@project_title" ) ),
+          std::make_pair( tr( "Project Path" ), QStringLiteral( "@project_path" ) )
+        } )
+  {
+    addExpression( menu, expression.first, expression.second );
+  }
+  menu->addSeparator();
+  for ( const std::pair< QString, QString > &expression :
+        {
+          std::make_pair( tr( "Current User Name" ), QStringLiteral( "@user_full_name" ) ),
+          std::make_pair( tr( "Current User Account" ), QStringLiteral( "@user_account_name" ) )
+        } )
+  {
+    addExpression( menu, expression.first, expression.second );
+  }
+}
+
 bool QgsLayoutLabelWidget::setNewItem( QgsLayoutItem *item )
 {
   if ( item->type() != QgsLayoutItemRegistry::LayoutLabel )
diff --git a/src/gui/layout/qgslayoutlabelwidget.h b/src/gui/layout/qgslayoutlabelwidget.h
index ba79b94d8bc5..f07dec934b2b 100644
--- a/src/gui/layout/qgslayoutlabelwidget.h
+++ b/src/gui/layout/qgslayoutlabelwidget.h
@@ -25,6 +25,7 @@
 #include "ui_qgslayoutlabelwidgetbase.h"
 #include "qgslayoutitemwidget.h"
 #include "qgslayoutitemlabel.h"
+#include <functional>
 
 /**
  * \ingroup gui
@@ -41,6 +42,22 @@ class GUI_EXPORT QgsLayoutLabelWidget: public QgsLayoutItemBaseWidget, private U
     explicit QgsLayoutLabelWidget( QgsLayoutItemLabel *label );
     void setMasterLayout( QgsMasterLayoutInterface *masterLayout ) override;
 
+    /**
+     * Populates the specified \a menu with actions reflecting dynamic text expressions applicable for a \a layout.
+     *
+     * This includes dynamic text for expressions like:
+     *
+     * - current date
+     * - total page count
+     * - current page number
+     * - etc
+     *
+     * The \a callback function will be called whenever one of the created actions is triggered.
+     *
+     * \since QGIS 3.18
+     */
+    static void buildInsertDynamicTextMenu( QgsLayout *layout, QMenu *menu, const std::function< void( const QString &expression ) > &callback );
+
   protected:
 
     bool setNewItem( QgsLayoutItem *item ) override;
@@ -67,6 +84,8 @@ class GUI_EXPORT QgsLayoutLabelWidget: public QgsLayoutItemBaseWidget, private U
 
     QgsLayoutItemPropertiesWidget *mItemPropertiesWidget = nullptr;
 
+    QMenu *mDynamicTextMenu = nullptr;
+
     void blockAllSignals( bool block );
 };
 
diff --git a/src/gui/layout/qgslayoutviewtooladditem.cpp b/src/gui/layout/qgslayoutviewtooladditem.cpp
index edbf80ea9866..91d1363cd9e8 100644
--- a/src/gui/layout/qgslayoutviewtooladditem.cpp
+++ b/src/gui/layout/qgslayoutviewtooladditem.cpp
@@ -146,7 +146,7 @@ void QgsLayoutViewToolAddItem::layoutReleaseEvent( QgsLayoutViewMouseEvent *even
     settings.setEnumValue( QStringLiteral( "LayoutDesigner/lastSizeUnit" ), item->sizeWithUnits().units() );
   }
 
-  QgsGui::layoutItemGuiRegistry()->newItemAddedToLayout( mItemMetadataId, item );
+  QgsGui::layoutItemGuiRegistry()->newItemAddedToLayout( mItemMetadataId, item, mCustomProperties );
 
   // it's possible (in certain circumstances, e.g. when adding frame items) that this item
   // has already been added to the layout
@@ -158,6 +158,12 @@ void QgsLayoutViewToolAddItem::layoutReleaseEvent( QgsLayoutViewMouseEvent *even
   emit createdItem();
 }
 
+void QgsLayoutViewToolAddItem::activate()
+{
+  QgsLayoutViewTool::activate();
+  mCustomProperties.clear();
+}
+
 void QgsLayoutViewToolAddItem::deactivate()
 {
   if ( mDrawing )
@@ -170,6 +176,16 @@ void QgsLayoutViewToolAddItem::deactivate()
   QgsLayoutViewTool::deactivate();
 }
 
+QVariantMap QgsLayoutViewToolAddItem::customProperties() const
+{
+  return mCustomProperties;
+}
+
+void QgsLayoutViewToolAddItem::setCustomProperties( const QVariantMap &customProperties )
+{
+  mCustomProperties = customProperties;
+}
+
 int QgsLayoutViewToolAddItem::itemMetadataId() const
 {
   return mItemMetadataId;
diff --git a/src/gui/layout/qgslayoutviewtooladditem.h b/src/gui/layout/qgslayoutviewtooladditem.h
index 1c3c891bd499..14ed301c3a41 100644
--- a/src/gui/layout/qgslayoutviewtooladditem.h
+++ b/src/gui/layout/qgslayoutviewtooladditem.h
@@ -56,8 +56,28 @@ class GUI_EXPORT QgsLayoutViewToolAddItem : public QgsLayoutViewTool
     void layoutPressEvent( QgsLayoutViewMouseEvent *event ) override;
     void layoutMoveEvent( QgsLayoutViewMouseEvent *event ) override;
     void layoutReleaseEvent( QgsLayoutViewMouseEvent *event ) override;
+    void activate() override;
     void deactivate() override;
 
+    /**
+     * Returns any custom properties set for the tool.
+     *
+     *\see setCustomProperties()
+     * \since QGIS 3.18
+     */
+    QVariantMap customProperties() const;
+
+    /**
+     * Sets custom \a properties for the tool.
+     *
+     * These properties are transient, and are cleared whenever the tool is activated. Callers must ensure
+     * that the properties are set only after the tool is activated.
+     *
+     *\see customProperties()
+     * \since QGIS 3.18
+     */
+    void setCustomProperties( const QVariantMap &properties );
+
   signals:
 
     /**
@@ -83,6 +103,8 @@ class GUI_EXPORT QgsLayoutViewToolAddItem : public QgsLayoutViewTool
     //! Start of rubber band creation
     QPointF mRubberBandStartPos;
 
+    QVariantMap mCustomProperties;
+
 };
 
 #endif // QGSLAYOUTVIEWTOOLADDITEM_H
diff --git a/src/ui/layout/qgslayoutlabelwidgetbase.ui b/src/ui/layout/qgslayoutlabelwidgetbase.ui
index 6d74def60864..e702767ce24a 100644
--- a/src/ui/layout/qgslayoutlabelwidgetbase.ui
+++ b/src/ui/layout/qgslayoutlabelwidgetbase.ui
@@ -6,7 +6,7 @@
    <rect>
     <x>0</x>
     <y>0</y>
-    <width>304</width>
+    <width>360</width>
     <height>705</height>
    </rect>
   </property>
@@ -61,8 +61,8 @@
        <rect>
         <x>0</x>
         <y>0</y>
-        <width>446</width>
-        <height>665</height>
+        <width>358</width>
+        <height>680</height>
        </rect>
       </property>
       <layout class="QVBoxLayout" name="mainLayout">
@@ -84,27 +84,49 @@
           <bool>false</bool>
          </property>
          <layout class="QGridLayout" name="gridLayout_2">
-          <item row="0" column="0">
-           <widget class="QPlainTextEdit" name="mTextEdit">
-            <property name="minimumSize">
-             <size>
-              <width>0</width>
-              <height>150</height>
-             </size>
+          <item row="2" column="1">
+           <widget class="QToolButton" name="mDynamicTextButton">
+            <property name="sizePolicy">
+             <sizepolicy hsizetype="Expanding" vsizetype="Fixed">
+              <horstretch>0</horstretch>
+              <verstretch>0</verstretch>
+             </sizepolicy>
+            </property>
+            <property name="text">
+             <string>Dynamic Text</string>
+            </property>
+            <property name="popupMode">
+             <enum>QToolButton::InstantPopup</enum>
             </property>
            </widget>
           </item>
-          <item row="1" column="0">
+          <item row="2" column="0">
+           <widget class="QToolButton" name="mInsertExpressionButton">
+            <property name="sizePolicy">
+             <sizepolicy hsizetype="Expanding" vsizetype="Fixed">
+              <horstretch>0</horstretch>
+              <verstretch>0</verstretch>
+             </sizepolicy>
+            </property>
+            <property name="text">
+             <string>Insert/Edit Expression…</string>
+            </property>
+           </widget>
+          </item>
+          <item row="1" column="0" colspan="2">
            <widget class="QCheckBox" name="mHtmlCheckBox">
             <property name="text">
              <string>Render as HTML</string>
             </property>
            </widget>
           </item>
-          <item row="2" column="0">
-           <widget class="QPushButton" name="mInsertExpressionButton">
-            <property name="text">
-             <string>Insert or Edit an Expression…</string>
+          <item row="0" column="0" colspan="2">
+           <widget class="QPlainTextEdit" name="mTextEdit">
+            <property name="minimumSize">
+             <size>
+              <width>0</width>
+              <height>150</height>
+             </size>
             </property>
            </widget>
           </item>
@@ -401,7 +423,7 @@
  <resources/>
  <connections/>
  <buttongroups>
-  <buttongroup name="buttonGroup"/>
   <buttongroup name="buttonGroup_2"/>
+  <buttongroup name="buttonGroup"/>
  </buttongroups>
 </ui>
diff --git a/tests/src/gui/testqgslayoutview.cpp b/tests/src/gui/testqgslayoutview.cpp
index bfb4bd12f432..03023bbb2af6 100644
--- a/tests/src/gui/testqgslayoutview.cpp
+++ b/tests/src/gui/testqgslayoutview.cpp
@@ -264,6 +264,7 @@ void TestQgsLayoutView::guiRegistry()
   // empty registry
   QVERIFY( !registry.itemMetadata( -1 ) );
   QVERIFY( registry.itemMetadataIds().isEmpty() );
+  QCOMPARE( registry.metadataIdForItemType( 0 ), -1 );
   QVERIFY( !registry.createItemWidget( nullptr ) );
   QVERIFY( !registry.createItemWidget( nullptr ) );
   std::unique_ptr< TestItem > testItem = qgis::make_unique< TestItem >( nullptr );
@@ -287,6 +288,7 @@ void TestQgsLayoutView::guiRegistry()
   QCOMPARE( spyTypeAdded.count(), 1 );
   int uuid = registry.itemMetadataIds().value( 0 );
   QCOMPARE( spyTypeAdded.value( 0 ).at( 0 ).toInt(), uuid );
+  QCOMPARE( registry.metadataIdForItemType( QgsLayoutItemRegistry::LayoutItem + 101 ), uuid );
 
   // duplicate type id is allowed
   metadata = new QgsLayoutItemGuiMetadata( QgsLayoutItemRegistry::LayoutItem + 101, QStringLiteral( "mytype" ), QIcon(), createWidget, createRubberBand );
@@ -295,6 +297,7 @@ void TestQgsLayoutView::guiRegistry()
   //retrieve metadata
   QVERIFY( !registry.itemMetadata( -1 ) );
   QCOMPARE( registry.itemMetadataIds().count(), 2 );
+  QCOMPARE( registry.metadataIdForItemType( QgsLayoutItemRegistry::LayoutItem + 101 ), uuid );
 
   QVERIFY( registry.itemMetadata( uuid ) );
   QCOMPARE( registry.itemMetadata( uuid )->visibleName(), QStringLiteral( "mytype" ) );