Real gross value added: GDP: General government
A765RX1Q020SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,474.42
Year-over-Year Change
7.36%
Date Range
1/1/1947 - 4/1/2025
Summary
This economic trend measures the real gross value added by the general government sector in the U.S. economy. It is a key indicator for understanding the scale and role of government activity within GDP.
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
Real gross value added (GVA) for the general government sector tracks the inflation-adjusted contribution of government services to total economic output. This metric is widely used by economists and policymakers to analyze the size and growth of the public sector over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Trends in real government GVA are closely monitored for their implications on fiscal policy, government spending, and the overall balance between the public and private sectors.
Key Facts
- Real government GVA accounts for approximately 17% of total U.S. GDP.
- This metric has grown at an average annual rate of 1.3% over the past decade.
- Government services include public administration, defense, education, and healthcare.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross value added (inflation-adjusted contribution) of the general government sector to total U.S. GDP.
Q: Why is this trend relevant for users or analysts?
A: Trends in government GVA are important for understanding the size and role of the public sector in the broader economy, with implications for fiscal policy and the public-private balance.
Q: How is this data collected or calculated?
A: The data is 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: Analysts and policymakers closely monitor government GVA to assess the scale of public sector activity and its implications for fiscal policy, government spending, and the balance between the public and private sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months. There are no significant limitations in the coverage or quality of this economic indicator.
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Citation
U.S. Federal Reserve, Real gross value added: GDP: General government (A765RX1Q020SBEA), retrieved from FRED.