Government subsidies: Economic affairs: Other economic affairs: Energy
G170821A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
-62.07%
Date Range
1/1/2001 - 1/1/2023
Summary
The 'Government subsidies: Economic affairs: Other economic affairs: Energy' trend measures government spending on subsidies for energy-related economic activities. This metric is important for economists and policymakers to understand the scale and composition of government intervention in the energy sector.
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
This economic series tracks federal, state, and local government subsidies allocated to energy-related programs and initiatives. It provides insight into the public sector's role in supporting and shaping the energy landscape through fiscal policy.
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
Monitoring energy subsidies helps inform discussions around energy policy, market dynamics, and the government's role in promoting specific energy sources or technologies.
Key Facts
- Energy subsidies accounted for 0.3% of total government expenditures in 2021.
- Fossil fuel subsidies make up the largest share of energy-related government support.
- Renewable energy subsidies have grown in recent years as part of climate policy initiatives.
FAQs
Q: What does this economic trend measure?
A: This trend measures government spending on subsidies for energy-related economic activities, including support for fossil fuels, renewable energy, and other energy programs.
Q: Why is this trend relevant for users or analysts?
A: Monitoring energy subsidies is important for understanding the government's role in shaping the energy landscape and the fiscal impact of energy policy decisions.
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 analysts use this data to evaluate the effectiveness and distribution of government support for different energy sources, which informs discussions around energy policy, market dynamics, and fiscal priorities.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, and may not capture all state and local government subsidies.
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Citation
U.S. Federal Reserve, Government subsidies: Economic affairs: Other economic affairs: Energy (G170821A027NBEA), retrieved from FRED.