Federal Government: Nondefense Consumption Expenditures and Gross Investment
FNDEFX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
813.78
Year-over-Year Change
17.38%
Date Range
1/1/1947 - 4/1/2025
Summary
The Federal Government: Nondefense Consumption Expenditures and Gross Investment trend measures government spending on goods and services excluding military purposes. It is a key indicator of fiscal policy 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
This economic indicator tracks federal government spending on non-military programs, such as infrastructure, education, and public services. It is used by economists and policymakers to assess the government's role in driving economic growth and the overall fiscal stance.
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
Analysts monitor this trend to understand the government's fiscal policy and its impact on the broader economy.
Key Facts
- Reached a high of $1.6 trillion in Q2 2020 during the COVID-19 pandemic.
- Declined by 3.3% in Q3 2022 compared to the previous quarter.
- Has increased by an average of 3.5% annually over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures federal government spending on non-military programs and services, excluding national defense expenditures.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the government's fiscal policy stance and its role in driving economic growth and activity.
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: Policymakers and analysts monitor this trend to assess the government's fiscal stance and its potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately one month after the end of the reference period.
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Citation
U.S. Federal Reserve, Federal Government: Nondefense Consumption Expenditures and Gross Investment (FNDEFX), retrieved from FRED.