Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Other nondurable goods
B783RN2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
-550.00%
Date Range
1/1/1973 - 1/1/2024
Summary
This economic trend measures the contributions to the percent change in national defense consumption expenditures and gross investment, specifically focusing on the intermediate goods and services purchased for nondurable goods and other nondurable goods by the general government.
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 data series provides insights into the composition and drivers of changes in national defense spending, a critical component of government economic activity. Economists and policymakers use this information to analyze defense budgets, inflation, and the overall health of the economy.
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
This trend is used to inform fiscal and monetary policy decisions related to national defense spending.
Key Facts
- The data series dates back to 1947.
- National defense spending accounts for a significant portion of the federal budget.
- Changes in this trend can impact overall economic growth and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contributions to the percent change in national defense consumption expenditures and gross investment, specifically focusing on the intermediate goods and services purchased for nondurable goods and other nondurable goods by the general government.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the composition and drivers of changes in national defense spending, which is a critical component of government economic activity. Economists and policymakers use this information to analyze defense budgets, inflation, and the overall health of the economy.
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: This trend is used to inform fiscal and monetary policy decisions related to national defense spending.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bureau of Economic Analysis, but there may be some update delays or limitations depending on the reporting cycle.
Related Trends
Real Government Consumption Expenditures and Gross Investment: Government: Economic affairs
W584RL1A225NBEA
Real Government Consumption Expenditures and Gross Investment: Government: Economic affairs: Space
W595RL1A225NBEA
State Government Tax Collections, Alcoholic Beverages Licenses in the United States
USALCLICTAX
Monetary dividends received: Government
W065RC1A027NBEA
Real Government Consumption Expenditures and Gross Investment: Federal: Recreation and culture
W635RL1A225NBEA
Intermediate Inputs by Industry: Government: Federal (Chain-Type Price Index)
IIPIPF
Citation
U.S. Bureau of Economic Analysis, Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Other nondurable goods (B783RN2A224NBEA), retrieved from FRED.