Real National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Services: Travel of Persons
B785RL1Q225SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-18.80
Year-over-Year Change
-40.69%
Date Range
4/1/1972 - 4/1/2025
Summary
This economic trend measures real national defense consumption expenditures for intermediate goods and services purchased, specifically related to travel expenses. It provides insights into the government's allocation of resources for national defense activities.
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 metric tracks the real (inflation-adjusted) value of intermediate services purchased by the general government for national defense, including travel expenditures. It serves as an indicator of the government's operational spending on defense-related activities and logistics.
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 by policymakers, economists, and analysts to assess the government's defense spending patterns and its impact on the broader economy.
Key Facts
- The trend has shown a decline in real terms since the early 2000s.
- Travel expenses account for a significant portion of national defense intermediate spending.
- This metric is a component of the broader national defense consumption expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value of intermediate services purchased by the general government for national defense, specifically related to travel expenditures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the government's allocation of resources for national defense activities, which is crucial for policymakers, economists, and analysts to assess the government's defense spending patterns and its impact on the broader 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 by policymakers, economists, and analysts to assess the government's defense spending patterns and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published by the U.S. Bureau of Economic Analysis and may be subject to update delays or revisions common to government statistical releases.
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Citation
U.S. Federal Reserve, Real National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Services: Travel of Persons (B785RL1Q225SBEA), retrieved from FRED.