National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Transportation of material
B786RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.54
Year-over-Year Change
-33.90%
Date Range
1/1/1972 - 1/1/2024
Summary
This economic trend measures national defense consumption expenditures for intermediate services, specifically transportation of material. It provides insight into the government's spending on logistics and supply chain activities in support of national defense.
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 series tracks government spending on intermediate goods and services, including transportation, that are used to produce national defense outputs. This metric is an important indicator of defense-related economic activity and a key input for analyzing the government's role in the economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Policymakers and analysts use this data to assess the government's defense-related economic footprint and inform budgetary and strategic decisions.
Key Facts
- Transportation accounts for a significant portion of national defense intermediate spending.
- This metric has shown steady growth over the past decade.
- The data is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the government's spending on transportation services as part of its national defense intermediate consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the logistics and supply chain activities that support the government's national defense operations, which is a key component of understanding the broader economic impact of defense spending.
Q: How is this data collected or calculated?
A: The data is collected 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: Policymakers and analysts use this data to assess the government's defense-related economic footprint and inform budgetary and strategic decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical lag of several months after the end of the reference period.
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Citation
U.S. Federal Reserve, National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Transportation of material (B786RC1A027NBEA), retrieved from FRED.