Gross value added: GDP: General government: Federal
A766RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,025.15
Year-over-Year Change
18.62%
Date Range
1/1/1947 - 4/1/2025
Summary
This economic indicator measures the gross value added by the federal government sector to the overall U.S. gross domestic product (GDP). It is a key metric for understanding the contribution of the public sector to economic activity.
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
Gross value added is a measure of the economic output of a specific industry or sector. For the federal government, this statistic represents the value of services provided to the public, minus any costs incurred. Analyzing federal gross value added provides insights into the size and role of the public sector in the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
This indicator is closely watched by policymakers, economists, and market analysts to gauge the fiscal position and economic impact of the federal government.
Key Facts
- Federal gross value added accounts for around 18% of total U.S. GDP.
- This metric has shown steady growth over the past decade.
- The COVID-19 pandemic led to a significant spike in federal gross value added in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the gross value added by the federal government sector to the overall U.S. gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Analyzing federal gross value added provides insights into the size and role of the public sector in the broader economy, which is crucial for policymakers, economists, and market analysts.
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: This indicator is closely watched by policymakers to gauge the fiscal position and economic impact of the federal government.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross value added: GDP: General government: Federal (A766RC1Q027SBEA), retrieved from FRED.