Real Gross Domestic Product: Government and Government Enterprises (92) in Colorado
Quarterly, Seasonally Adjusted Annual Rate
COGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,693.00
Year-over-Year Change
10.42%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (COGOVRQGSP) tracks the total value of goods and services purchased by federal, state, and local governments in the U.S. economy. This key economic indicator provides insight into government spending and its contribution to GDP.
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 COGOVRQGSP series represents government consumption expenditures and gross investment, measured at a seasonally adjusted annual rate. It is an important component of the U.S. Gross Domestic Product (GDP) and a widely monitored indicator of fiscal policy and the government's role in the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
Policymakers and economists closely follow this metric to assess the government's economic influence and the potential impact of fiscal policy changes.
Key Facts
- Government spending accounts for approximately 18% of U.S. GDP.
- The COGOVRQGSP series has shown a steady increase over the past decade.
- Changes in government consumption and investment can significantly impact economic growth.
FAQs
Q: What does this economic trend measure?
A: The COGOVRQGSP series tracks the total value of goods and services purchased by federal, state, and local governments in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's role in the economy and is an important component of GDP. It is closely monitored by policymakers and economists to assess fiscal policy and its economic impact.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the government's economic influence and the potential impact of fiscal policy changes.
Q: Are there update delays or limitations?
A: The COGOVRQGSP series is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (COGOVRQGSP), retrieved from FRED.