Government subsidies: Economic affairs: Other economic affairs: General economic and labor affairs
G170801A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.63
Year-over-Year Change
313.40%
Date Range
1/1/1981 - 1/1/2023
Summary
This economic trend measures government subsidies for other economic affairs, which includes funding for general economic and labor-related programs. It provides important insights into the scale and priorities of government economic intervention.
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 Government Subsidies: Economic Affairs: Other Economic Affairs: General Economic and Labor Affairs metric tracks federal, state, and local government spending on a range of economic programs outside of major policy areas like healthcare, education, or infrastructure. This data point offers a window into the government's role in supporting diverse economic development initiatives.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to understand the government's economic priorities and interventions.
Key Facts
- Subsidies for general economic and labor affairs were $56.3 billion in 2021.
- This category makes up about 8% of total government economic affairs spending.
- Subsidies have grown by 32% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks government spending on subsidies and support for general economic development programs, including labor market initiatives, business assistance, and other policy areas outside of major sectors like healthcare or infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The Government Subsidies: Economic Affairs: Other Economic Affairs metric provides important insights into the government's economic priorities and interventions, which is crucial information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 closely monitor this data to understand the government's role in supporting diverse economic development initiatives and to assess the scale and priorities of economic intervention.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with some lag from the reference period.
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Citation
U.S. Bureau of Economic Analysis, Government subsidies: Economic affairs: Other economic affairs: General economic and labor affairs (G170801A027NBEA), retrieved from FRED.