Government enterprise gross fixed investment: State and local: Structures
B887RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.25
Year-over-Year Change
41.75%
Date Range
1/1/1929 - 1/1/2023
Summary
This economic trend measures government investment in state and local structures, which is an important component of overall public infrastructure spending.
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 Government Enterprise Gross Fixed Investment: State and Local: Structures series tracks public sector capital expenditures on physical infrastructure like buildings, highways, and other construction projects at the state and local government level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Historical Context
This metric is closely watched by economists and policymakers as an indicator of public investment and fiscal policy priorities.
Key Facts
- State and local governments account for over two-thirds of total public infrastructure investment in the U.S.
- Government investment in structures has remained below pre-recession levels since the 2007-2009 financial crisis.
- Construction of schools, hospitals, and other public facilities makes up a significant portion of state and local capital spending.
FAQs
Q: What does this economic trend measure?
A: This metric tracks government investment in physical infrastructure and construction projects at the state and local level, including things like roads, bridges, and public buildings.
Q: Why is this trend relevant for users or analysts?
A: State and local infrastructure spending is a key indicator of public investment priorities and can provide insights into fiscal policy and the state of public capital stocks.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor state and local infrastructure investment as it reflects government priorities and can impact broader economic outcomes like productivity and employment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months. There may also be revisions to historical data as part of periodic BEA updates.
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Citation
U.S. Federal Reserve, Government enterprise gross fixed investment: State and local: Structures (B887RC1A027NBEA), retrieved from FRED.