Real national defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Personnel support
B913RX1Q020SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.08
Year-over-Year Change
26.03%
Date Range
1/1/2007 - 4/1/2025
Summary
This economic trend measures the real national defense consumption expenditures on intermediate goods and services for personnel support, a key component of government spending on 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
The Real National Defense Consumption Expenditures: Gross Output of General Government: Intermediate Goods and Services Purchased: Services: Personnel Support series tracks government spending on personnel-related services as part of national defense activities. This data point is important for analyzing the composition and trends in defense spending.
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 closely monitored by policymakers, military analysts, and economic researchers to understand the government's priorities and allocations within the national defense budget.
Key Facts
- This trend has declined from a high of $662 billion in 2010 to $531 billion in 2021.
- Personnel support accounts for approximately 30% of total national defense consumption expenditures.
- Spending on personnel support is a key component of the Department of Defense budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real government spending on intermediate goods and services for personnel support as part of national defense activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the government's priorities and resource allocation within the national defense budget, which is important for policymakers, military analysts, and economic researchers.
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 closely monitored by policymakers to understand the government's priorities and allocations within the national defense budget, which can inform policy decisions and budget negotiations.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a delay of several months, and may be subject to revisions.
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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: Personnel support (B913RX1Q020SBEA), retrieved from FRED.