Real national defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Transportation of material
B786RX1A020NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.03
Year-over-Year Change
-49.62%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the real-dollar value of intermediate services purchased by the U.S. government for national defense, focusing specifically on transportation-related services.
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 metric tracks a subset of general government spending on intermediate goods and services, isolated to the transportation of materials as part of national defense activities. This data point is used by economists and policymakers to analyze trends in government procurement and the logistics supply chain for national security.
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 metric offers insight into government spending patterns and the state of the transportation industry's relationship with national defense.
Key Facts
- This data series dates back to 1947.
- Real national defense transportation expenditures account for about 2% of total national defense consumption.
- Spending on transportation services has declined as a share of total national defense spending since the 1970s.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real-dollar value of intermediate transportation services purchased by the U.S. government for national defense activities.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into government procurement patterns and the relationship between national defense and the transportation industry.
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: Economists and policymakers use this metric to analyze trends in government spending on national defense logistics and transportation services.
Q: Are there update delays or limitations?
A: There is typically a 3-month lag in the release of this data by the Bureau of Economic Analysis.
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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: Transportation of material (B786RX1A020NBEA), retrieved from FRED.