Gross Domestic Product: Government and Government Enterprises (92) in Idaho
Annual, Not Seasonally Adjusted
IDGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,848.30
Year-over-Year Change
68.93%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures total government expenditures in the United States. This metric is crucial for understanding the fiscal policy stance and the government's role in the 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
The Annual, Not Seasonally Adjusted series tracks the total value of government expenditures, including federal, state, and local spending. This provides important insights into the size and composition of the public sector and its impact on overall economic activity.
Methodology
The data is collected from government budget and accounting records by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this trend to assess the government's fiscal position and its effects on economic growth, inflation, and other macroeconomic variables.
Key Facts
- Government spending accounts for approximately 38% of U.S. GDP.
- Federal expenditures make up the largest portion of total government spending.
- Fiscal policy decisions based on this data can have significant impacts on economic performance.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total value of government expenditures, including federal, state, and local spending, in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the size and composition of the public sector, which is essential for understanding the government's fiscal position and its impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected from government budget and accounting records by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the government's fiscal position and its effects on economic growth, inflation, and other macroeconomic variables, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with minimal delays, providing a comprehensive view of government expenditures over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IDGOVNGSP), retrieved from FRED.