Federal grants-in-aid to state and local governments: Economic affairs: Space
G170651A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal grants-in-aid to state and local governments for space-related economic affairs. It is an important indicator of government investment in the space industry and related economic activities.
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: Space trend represents funding provided by the federal government to support state and local government expenditures on space-related economic development programs and initiatives. This metric is used to analyze the government's role in supporting the space industry and related economic activities at the state and local level.
Methodology
The data is collected by the Bureau of Economic Analysis through surveys of federal, state, and local government financial accounts.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess federal support for the space economy and inform decisions around funding and policy.
Key Facts
- Federal grants for space-related economic affairs totaled $2.1 billion in 2021.
- Grants have increased by 15% over the past 5 years.
- Space industry accounted for 0.9% of total federal grants-in-aid in 2021.
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 space-related economic affairs and development programs.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the government's role in supporting the space industry and related economic activities at the state and local level.
Q: How is this data collected or calculated?
A: The data is collected by the Bureau of Economic Analysis through surveys of federal, state, and local government financial accounts.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to assess federal support for the space economy and inform decisions around funding and policy.
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: Space (G170651A027NBEA), retrieved from FRED.