Gross Output by Industry: Government: Federal
GOF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,654.80
Year-over-Year Change
16.75%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Output by Industry: Government: Federal trend measures the total economic output of the federal government sector in the United States. This metric is a key indicator of the government's contribution to the overall economy.
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
Gross Output by Industry tracks the production activities of different economic sectors. The Federal government component provides insights into the scale and impact of the public sector on the broader U.S. economy.
Methodology
This data is collected and published by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
Policymakers and analysts use this metric to assess the government's macroeconomic role and influence.
Key Facts
- Federal government gross output was $2.7 trillion in 2021.
- Federal gross output accounts for approximately 13% of total U.S. gross output.
- The federal government sector has seen steady growth in output since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: The Gross Output by Industry: Government: Federal trend measures the total economic output or production activities of the federal government sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and impact of the public sector on the broader U.S. economy, which is crucial for policymakers and analysts assessing the government's macroeconomic role.
Q: How is this data collected or calculated?
A: This data is collected and published by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the government's macroeconomic role and influence, as it reflects the federal sector's contribution to overall economic output and activity.
Q: Are there update delays or limitations?
A: The data is published quarterly by the BEA, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Output by Industry: Government: Federal (GOF), retrieved from FRED.