National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Petroleum products
B780RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.61
Year-over-Year Change
-34.23%
Date Range
1/1/1972 - 4/1/2025
Summary
This economic trend measures national defense consumption expenditures on petroleum products by the U.S. government. It provides insight into the government's demand for energy resources to support military operations and national security.
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 National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Petroleum products series tracks the value of petroleum products purchased by the U.S. federal government for national defense purposes. This metric helps analyze the government's energy consumption and spending patterns related to military and security operations.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of government agencies and contractors.
Historical Context
This trend is used by policymakers, economists, and market analysts to understand the government's energy procurement and the potential economic impacts of changes in military spending or energy prices.
Key Facts
- The U.S. government is a major consumer of petroleum products for military and national security purposes.
- Petroleum spending accounts for a significant portion of overall national defense consumption expenditures.
- Changes in this trend can reflect shifts in military operations, energy prices, or government budgetary priorities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of petroleum products purchased by the U.S. federal government for national defense and military purposes.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the government's energy consumption and spending patterns related to national security, which is important for understanding the economic impacts of changes in military operations or energy prices.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of government agencies and contractors.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to understand the government's energy procurement and the potential economic impacts of changes in military spending or energy prices.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical lag of 1-2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Petroleum products (B780RC1Q027SBEA), retrieved from FRED.