Real national defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Other nondurable goods
B783RX1Q020SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.16
Year-over-Year Change
-3.09%
Date Range
1/1/2007 - 4/1/2025
Summary
This economic trend measures real national defense consumption expenditures on intermediate nondurable goods and services purchased by the U.S. government. It provides insight into defense sector activity and government spending priorities.
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 series tracks the inflation-adjusted value of nondurable goods and services bought by the federal government for national defense purposes. This metric helps economists and policymakers assess the size and composition of government defense outlays over time.
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 indicator is used to monitor trends in government defense spending and can inform fiscal and economic policy decisions.
Key Facts
- This metric has been tracked since 1947.
- Defense spending accounts for over 15% of total federal outlays.
- Real national defense consumption has declined as a share of GDP since the 1960s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of nondurable goods and services purchased by the U.S. federal government for national defense purposes.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into government defense spending priorities and can inform fiscal and economic policy decisions.
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 metric is used by economists and policymakers to monitor trends in government defense spending and its impact on the broader economy.
Q: Are there update delays or limitations?
A: There may be lags in data availability due to the time required for data collection and processing by the statistical agencies.
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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: Other nondurable goods (B783RX1Q020SBEA), retrieved from FRED.