Gross government saving
A927RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,085.93
Year-over-Year Change
25.71%
Date Range
1/1/1929 - 1/1/2024
Summary
Gross government saving measures the surplus or deficit of the U.S. government's total revenue and expenditures. It is a key economic indicator used by policymakers to assess the fiscal health and sustainability of government finances.
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 government saving represents the difference between government's total receipts and its total expenditures, both at the federal and state/local levels. It provides insight into the government's overall budgetary position and ability to fund public programs and services.
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
Trends in gross government saving are closely monitored by economists, analysts, and policymakers to evaluate the government's fiscal policy and its impact on the broader economy.
Key Facts
- Gross government saving was $441.5 billion in Q4 2022.
- The U.S. government recorded a deficit of $1.4 trillion in fiscal year 2022.
- Gross government saving as a percentage of GDP was 2.0% in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: Gross government saving measures the surplus or deficit between the U.S. government's total revenue and total expenditures, including at both the federal and state/local levels.
Q: Why is this trend relevant for users or analysts?
A: Trends in gross government saving provide important insights into the fiscal health and sustainability of government finances, which is crucial for policymakers in evaluating and shaping fiscal and economic policies.
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: Gross government saving is closely monitored by economists, analysts, and policymakers to evaluate the government's fiscal position and its impact on the broader economy, informing decisions related to taxes, spending, and other economic policies.
Q: Are there update delays or limitations?
A: The gross government saving data is published quarterly with a lag, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Gross government saving (A927RC1A027NBEA), retrieved from FRED.