Real government enterprise gross fixed investment: State and local: Structures
B887RX1A020NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.94
Year-over-Year Change
-12.15%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures real investment in structures by state and local governments. It is a key indicator of public infrastructure spending and economic activity.
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 Government Enterprise Gross Fixed Investment: State and Local: Structures series tracks the inflation-adjusted value of new construction and improvements to existing structures by state and local governments in the United States. It is an important measure of public sector capital investment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the health of public infrastructure and state/local budgets.
Key Facts
- Structures account for over 70% of total state/local government investment.
- Investment peaked in 2009 during the financial crisis stimulus.
- Spending has grown at an average annual rate of 1.4% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of new construction and improvements to existing structures by state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of public infrastructure investment and the fiscal health of state and local governments.
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: Policymakers and analysts closely monitor this trend to assess the state of public infrastructure and budgets at the state and local level.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months.
Related Trends
Gross Output by Industry: Government (Chain-Type Quantity Index)
GOQIG
Federal government expenditures: Coverage differences: Federal employee retirement plan transactions: Benefits paid (NIPA vs. Budget)
M318251A027NBEA
Real national defense consumption expenditures and gross investment: Gross investment: Equipment: Missiles
B875RX1Q020SBEA
Federal government subsidies: Economic affairs: Other economic affairs: Natural resources
G170951A027NBEA
State and local government current receipts: Income receipts on assets
W074RC1Q027SBEA
Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Federal: National Defense: Gross Investment: Intellectual Property Products: Software
Y053RZ2Q224SBEA
Citation
U.S. Federal Reserve, Real Government Enterprise Gross Fixed Investment: State and Local: Structures (B887RX1A020NBEA), retrieved from FRED.