Percent of GDP, Annual, Not Seasonally Adjusted
BPBLTT01SEA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.66
Year-over-Year Change
40.80%
Date Range
1/1/1993 - 1/1/2013
Summary
This economic trend measures the annual percentage of GDP spent on government budget transfers and subsidies in the United States. It provides insight into the scale and role of government fiscal policy.
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 'Percent of GDP, Annual, Not Seasonally Adjusted' series tracks the ratio of total U.S. government transfer payments and subsidies to the nation's Gross Domestic Product. This metric is widely used by economists and policymakers to analyze the size and impact of government fiscal programs.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
This trend is closely monitored by analysts and institutions to assess the government's economic role and fiscal policy stance.
Key Facts
- Government transfers were 15.1% of GDP in 2021.
- Transfer payments have grown from 6.9% of GDP in 1960.
- Subsidies account for a small but rising share of total transfers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual ratio of total U.S. government transfer payments and subsidies to the nation's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and role of government fiscal policy, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and institutions to assess the government's economic role and fiscal policy stance.
Q: Are there update delays or limitations?
A: The data is published annually by the U.S. Bureau of Economic Analysis with typical release lags.
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Citation
U.S. Federal Reserve, Percent of GDP, Annual, Not Seasonally Adjusted (BPBLTT01SEA188S), retrieved from FRED.