Federal Government: Current Receipts
AFRECPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,116.40
Year-over-Year Change
89.44%
Date Range
1/1/1929 - 1/1/2024
Summary
The Federal Government: Current Receipts trend measures the total revenue collected by the U.S. federal government, a key indicator of economic activity and government fiscal health.
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 total amount of money the federal government receives from various sources, including individual and corporate income taxes, social insurance and retirement contributions, and other revenue streams. It provides important insights into the government's fiscal position and broader economic conditions.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the government's ability to fund its operations and meet its financial obligations.
Key Facts
- Federal government current receipts reached a record high of $4.9 trillion in 2021.
- Individual income taxes account for the largest share of federal government receipts, around 50%.
- Corporate income taxes make up about 8% of total federal government receipts.
FAQs
Q: What does this economic trend measure?
A: The Federal Government: Current Receipts trend measures the total revenue collected by the U.S. federal government from various sources, including taxes and other income.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the government's fiscal position and the overall health of the economy, as government revenue is closely tied to economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the government's ability to fund its operations and meet its financial obligations, which informs decisions about fiscal policy and budgeting.
Q: Are there update delays or limitations?
A: The Federal Government: Current Receipts data is typically released on a monthly basis with a short delay, providing timely information to policymakers and analysts.
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Citation
U.S. Federal Reserve, Federal Government: Current Receipts (AFRECPT), retrieved from FRED.