Gross Output by Industry: Government: Federal (Chain-Type Quantity Index)
GOQIPF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.10
Year-over-Year Change
-5.33%
Date Range
4/1/2005 - 1/1/2025
Summary
The Gross Output by Industry: Government: Federal (Chain-Type Quantity Index) measures the real output of the federal government sector in the United States. This trend is a key indicator of the size and productivity of the federal government's economic activities.
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 Gross Output by Industry: Government: Federal (Chain-Type Quantity Index) provides a measure of the real, inflation-adjusted output produced by the federal government. It is used to analyze the government's contribution to overall economic activity and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
Policymakers and analysts use this index to assess the scope and efficiency of federal government operations.
Key Facts
- The index uses 2012 as the base year.
- The index measures real, inflation-adjusted output.
- Federal government output accounts for a significant portion of GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Output by Industry: Government: Federal (Chain-Type Quantity Index) measures the real, inflation-adjusted output produced by the federal government sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is used by policymakers and economists to analyze the size, productivity, and economic impact of the federal government's activities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the scope and efficiency of federal government operations and their contribution to overall economic activity.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Output by Industry: Government: Federal (Chain-Type Quantity Index) (GOQIPF), retrieved from FRED.