National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Travel of persons
B785RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.95
Year-over-Year Change
0.58%
Date Range
1/1/1972 - 1/1/2024
Summary
This economic trend measures travel expenditures by the U.S. government for national defense purposes. It is an important indicator of government spending and a component of overall national defense consumption.
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: Services: Travel of persons series tracks the value of travel-related expenses incurred by the U.S. government for national defense activities. This data point provides insight into a key category of government spending and is used to analyze the composition of national defense consumption.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is utilized by economists, policymakers, and analysts to assess government spending patterns and trends in national defense.
Key Facts
- Travel expenses make up a significant portion of overall national defense consumption.
- The trend has shown steady growth over the past decade.
- Defense-related travel is a key component of government intermediate service purchases.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of travel-related expenses incurred by the U.S. government for national defense activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key category of government spending and is used to analyze the composition of national defense consumption.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This metric is utilized by economists, policymakers, and analysts to assess government spending patterns and trends in national defense.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with typical update schedules and potential limitations inherent to government statistics.
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Citation
U.S. Federal Reserve, National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Travel of persons (B785RC1A027NBEA), retrieved from FRED.