Gross Output by Industry: Government
GOG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,527.90
Year-over-Year Change
16.23%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Output by Industry: Government trend measures the total output of the government sector in the U.S. economy. It provides an important indicator of the government's economic activity and its impact on overall economic performance.
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 is a comprehensive measure of U.S. economic activity that includes both final sales and sales to other industries. The Government component tracks the output and economic contribution of federal, state, and local government entities.
Methodology
This data is collected by the U.S. Bureau of Economic Analysis as part of the Gross Domestic Product (GDP) reporting.
Historical Context
Analysts and policymakers use this metric to assess the government's role and influence within the broader economy.
Key Facts
- Government is a major sector of the U.S. economy.
- Gross Output measures both final sales and sales to other industries.
- This data is part of the official Gross Domestic Product (GDP) reporting.
FAQs
Q: What does this economic trend measure?
A: The Gross Output by Industry: Government trend measures the total economic output of the government sector, including federal, state, and local entities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the government's role and impact within the broader U.S. economy, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the Gross Domestic Product (GDP) reporting.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the government's economic activity and influence, which is essential for informing fiscal and economic policies.
Q: Are there update delays or limitations?
A: The Gross Output by Industry data is updated quarterly, with some potential for minor revisions over time as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Output by Industry: Government (GOG), retrieved from FRED.