Federal grants-in-aid to state and local governments: Health
G170671A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
647.02
Year-over-Year Change
139.38%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal grant funding provided to state and local governments for health-related programs and services. It is a key indicator of the federal government's fiscal support for public health 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: Health series tracks the value of financial assistance from the federal government to state and local administrations for healthcare and public health projects. This metric provides insight into the scale and priorities of federal health funding for state and local programs.
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
Policymakers and economists use this indicator to assess the federal government's role in supporting state and local public health initiatives.
Key Facts
- Federal health grants totaled $442 billion in 2021.
- Grants have grown by over 250% since 2000.
- Medicaid is the largest component of federal health grants.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of federal grant funding provided to state and local governments for health-related programs and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the federal government's fiscal support for public health initiatives at the state and local level, which is an important factor for policymakers and economists to monitor.
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 use this indicator to assess the federal government's role in supporting state and local public health programs and initiatives.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by the statistical agency, and there may be lags in availability compared to real-time economic conditions.
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Citation
U.S. Federal Reserve, Federal grants-in-aid to state and local governments: Health (G170671A027NBEA), retrieved from FRED.