Federal grants-in-aid to state and local governments: General public service
G170561A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.46
Year-over-Year Change
157.09%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal grants-in-aid to state and local governments for general public service activities. It is an important indicator of federal fiscal policy and intergovernmental fiscal relations.
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 Federal grants-in-aid to state and local governments: General public service series represents the total value of grants provided by the U.S. federal government to lower levels of government for administrative and other general public service functions. This metric is used by economists and policymakers to analyze trends in federal fiscal policy and the funding of public services.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This economic indicator provides insight into the federal government's role in financing state and local public services.
Key Facts
- Grants for general public service account for over 20% of total federal grants-in-aid.
- Funding peaked at $305 billion in 2010 during the Great Recession.
- General public service grants have declined as a share of GDP since the 1970s.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of federal grants provided to state and local governments for general public service activities, such as administrative functions.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the federal government's role in financing state and local public services, which is an important aspect of fiscal policy and intergovernmental fiscal relations.
Q: How is this data collected or calculated?
A: The data is collected and reported 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: Economists and policymakers use this metric to analyze trends in federal fiscal policy and the funding of public services at the state and local level.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Federal grants-in-aid to state and local governments: General public service (G170561A027NBEA), retrieved from FRED.