Federal grants-in-aid to state and local governments: Economic affairs: Other economic affairs: Agriculture
G170611A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.28
Year-over-Year Change
-8.06%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal grants-in-aid to state and local governments for agricultural and other economic affairs. It's a key indicator of government support for economic development and policy priorities.
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: Economic affairs: Other economic affairs: Agriculture metric tracks federal funding provided to lower levels of government for agricultural programs and initiatives. This data offers insights into the scope of federal investment in state and local economic development.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers use this metric to assess the federal government's role in supporting state and local economic policies.
Key Facts
- Grants totaled $6.4 billion in 2021.
- Funding has increased by 20% over the past 5 years.
- Agriculture represents 3.4% of total federal grants-in-aid.
FAQs
Q: What does this economic trend measure?
A: This metric measures the amount of federal grants-in-aid provided to state and local governments for agricultural and other economic affairs programs.
Q: Why is this trend relevant for users or analysts?
A: This data offers insights into the federal government's priorities and investment in supporting state and local economic development, particularly in the agricultural sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the federal government's role in supporting state and local economic policies, particularly in the agricultural industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Federal grants-in-aid to state and local governments: Economic affairs: Other economic affairs: Agriculture (G170611A027NBEA), retrieved from FRED.