Gross State and Local Government Construction for United States
A02262USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
648.00
Year-over-Year Change
172.27%
Date Range
1/1/1902 - 1/1/1915
Summary
The Gross State and Local Government Construction metric measures the total value of new construction projects initiated by state and local governments in the United States. It serves as an important indicator of public sector investment and infrastructure development.
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 series tracks the dollar value of construction put in place for a variety of public facilities, including highways, schools, hospitals, and other government buildings. It provides insight into the spending priorities and capital investment decisions of state and local governments.
Methodology
The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this metric to assess the health of the public sector and gauge the government's role in driving economic growth.
Key Facts
- State and local governments account for over 60% of total public construction spending in the U.S.
- Government construction projects often serve as a countercyclical economic stimulus during recessions.
- Infrastructure investment can have long-term impacts on productivity and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Gross State and Local Government Construction metric measures the total value of new construction projects initiated by state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This series provides insight into the spending priorities and capital investment decisions of state and local governments, which can have significant implications for economic growth and infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and government agencies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the health of the public sector and gauge the government's role in driving economic growth through infrastructure investment.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical release lag of around 1-2 months.
Related Trends
Output of Construction Materials for Domestic Consumption Value in Constant Prices for United States
A02233USA231NNBR
Douglas Fir Lumber Production for United States
M02118USM388NNBR
Number of Town Acres Sold on Bona Fide Deed for Ohio
A02289US000OHA466NNBR
Railroad Expenditures on Maintenance of Ways and Structures for United States
M02H4BUSM398NNBR
Value of New Buildings Constructed for France
A027AAFRA400NNBR
Federal Construction Expenditures for Public Buildings for United States
A02224USA550NNBR
Citation
U.S. Federal Reserve, Gross State and Local Government Construction for United States (A02262USA398NNBR), retrieved from FRED.