Federal grants-in-aid to state and local governments: Economic affairs: Other economic affairs: Natural resources
G170631A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.15
Year-over-Year Change
84.32%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal grants-in-aid to state and local governments for natural resources and other economic affairs. It is an important indicator of federal investment and support for state and local economic development initiatives.
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 for natural resources and other economic affairs trend represents the transfer of federal funds to subnational governments for a range of economic development programs and activities. This metric is used by policymakers and analysts to assess the federal government's role in supporting state and local economic priorities.
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 trend is closely watched by economists and policymakers as an indicator of the federal government's fiscal support for state and local economic programs.
Key Facts
- Federal grants for natural resources averaged $33 billion annually from 2015-2020.
- Grants peaked at $37 billion in 2010 during the Great Recession recovery period.
- Natural resources account for about 10% of total federal grants-in-aid to state/local governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of federal grants-in-aid provided to state and local governments for natural resources and other economic affairs, such as economic and community development programs.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the federal government's fiscal support for state and local economic development initiatives, which is a key area of intergovernmental cooperation and policy.
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: Policymakers and economists monitor this trend to assess the federal government's role in supporting state and local economic priorities through fiscal transfers and grants.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag 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: Natural resources (G170631A027NBEA), retrieved from FRED.