Real Government Consumption Expenditures and Gross Investment: State and Local
A829RL1Q225SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.60
Year-over-Year Change
-750.00%
Date Range
4/1/1947 - 4/1/2025
Summary
This economic indicator measures real government consumption expenditures and gross investment by state and local governments in the United States. It provides insight into the fiscal policies and spending activities of sub-national governments.
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 Real Government Consumption Expenditures and Gross Investment: State and Local series tracks the volume of goods and services purchased and capital investments made by state and local governments, adjusted for inflation. This metric is a key component of GDP and helps analysts assess the fiscal health and policies of sub-national governments.
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 monitor this indicator to gauge the fiscal stance of state and local governments and their impact on the broader economy.
Key Facts
- This series is published quarterly by the U.S. Bureau of Economic Analysis.
- State and local governments account for over a third of total government spending in the U.S.
- The data is adjusted for inflation using the GDP deflator.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real (inflation-adjusted) consumption expenditures and gross investment by state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the fiscal health and policy actions of sub-national governments, which are key drivers of economic activity and a major component of overall government spending.
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 monitor this indicator to assess the fiscal stance of state and local governments and their impact on the broader economy.
Q: Are there update delays or limitations?
A: This series is published quarterly with a lag, so there may be delays in accessing the most recent data.
Related Trends
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Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Old-age, survivors, disability, and hospital insurance: Employees: Hospital insurance
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Intermediate Inputs by Industry: Government (Chain-Type Price Index)
IIPIG
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State and Local government current receipts: Timing and other differences (NIPA vs. Census)
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Net state and local government saving: Other (exluding social insurance funds)
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: State and Local (A829RL1Q225SBEA), retrieved from FRED.