Intermediate Inputs by Industry: Government: Federal
IIF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
564.10
Year-over-Year Change
15.41%
Date Range
1/1/2005 - 1/1/2025
Summary
The Intermediate Inputs by Industry: Government: Federal metric measures the value of goods and services consumed by the federal government in its production processes. This statistic is important for policymakers and economists to understand the composition and drivers of government spending.
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 series represents the intermediate inputs consumed by the federal government, which are goods and services used up in the production of other goods and services. It provides insight into the government's supply chain and operational costs beyond just final expenditures.
Methodology
The data is collected through surveys of government agencies and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to evaluate the efficiency and composition of federal government spending.
Key Facts
- The IIF series dates back to 1947.
- Intermediate inputs account for over 40% of total federal government expenditures.
- The largest components are professional and business services, and information services.
FAQs
Q: What does this economic trend measure?
A: The IIF series measures the value of goods and services consumed by the federal government in its production processes, also known as intermediate inputs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the operational costs and supply chain of the federal government, beyond just final expenditures, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of government agencies and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the efficiency and composition of federal government spending.
Q: Are there update delays or limitations?
A: The IIF data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Intermediate Inputs by Industry: Government: Federal (IIF), retrieved from FRED.