Real National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Nondurable Goods: Petroleum Products
B780RL1Q225SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.90
Year-over-Year Change
-160.00%
Date Range
4/1/1972 - 4/1/2025
Summary
This economic trend measures the real value of petroleum products purchased by the U.S. government for national defense activities. It provides insight into defense-related energy consumption and can inform policymakers on energy needs and budgeting.
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 National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Nondurable Goods: Petroleum Products indicator tracks the real (inflation-adjusted) dollar value of petroleum products consumed by the federal government for national defense purposes. This metric is used to assess energy-related spending and efficiency within the defense sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government procurement records.
Historical Context
This trend is relevant for defense budgeting, energy policy analysis, and evaluating the environmental impact of military operations.
Key Facts
- The U.S. government is one of the world's largest consumers of petroleum products.
- Defense-related energy use accounts for a significant portion of the federal government's total energy footprint.
- Monitoring trends in defense petroleum consumption can inform efforts to improve energy efficiency and sustainability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) dollar value of petroleum products purchased by the U.S. federal government for national defense activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into energy consumption patterns within the defense sector, which can inform policymaking, budgeting, and sustainability initiatives.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government procurement records.
Q: How is this trend used in economic policy?
A: This trend is relevant for defense budgeting, energy policy analysis, and evaluating the environmental impact of military operations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Real National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Nondurable Goods: Petroleum Products (B780RL1Q225SBEA), retrieved from FRED.