Gross Domestic Product: Government and Government Enterprises (92) in Alabama
Annual, Not Seasonally Adjusted
ALGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,300.60
Year-over-Year Change
54.25%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the year-over-year change in gross value added by the government sector of the U.S. economy. This metric is important for analyzing the role of government in overall economic growth.
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
The Annual, Not Seasonally Adjusted series tracks the annual percent change in gross value added, or GDP contribution, by the government sector. This provides insight into the expanding or contracting role of the public sector in the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
Economists and policymakers use this trend to assess the impact of government fiscal and regulatory policy on economic performance.
Key Facts
- Government value added accounts for approximately 12% of U.S. GDP.
- The government sector includes federal, state, and local government activity.
- Growth in government value added can signal expansionary fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the year-over-year percent change in gross value added by the government sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the evolving role of government in the broader economy, which is important for analyzing the impact of fiscal and regulatory policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the macroeconomic impact of government spending and intervention.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is typically released with a 3-month lag by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (ALGOVNGSP), retrieved from FRED.