Intermediate Inputs by Industry: Government (Chain-Type Quantity Index)
IIQIPG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.70
Year-over-Year Change
-33.80%
Date Range
4/1/2005 - 1/1/2025
Summary
The Intermediate Inputs by Industry: Government (Chain-Type Quantity Index) measures the volume of intermediate goods and services consumed by the government sector. This metric is important for economists and policymakers to understand productivity trends and inflationary pressures within the public sector.
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 index tracks the real, inflation-adjusted quantity of intermediate inputs used by government agencies and institutions. It provides insight into the changing composition and efficiency of government operations over time, which is crucial for fiscal and economic policy analysis.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to adjust for price changes.
Historical Context
Analysts use this index to contextualize government spending, productivity, and cost drivers within the broader macroeconomic environment.
Key Facts
- The index is based on 1997 as the reference year with a value of 100.
- Government intermediate inputs account for around 10% of total U.S. intermediate consumption.
- The index has shown steady growth over the past two decades, reflecting increased government outsourcing and contractor usage.
FAQs
Q: What does this economic trend measure?
A: The Intermediate Inputs by Industry: Government (Chain-Type Quantity Index) measures the real volume of goods and services consumed by government agencies and institutions as intermediate inputs to their operations.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into government productivity, cost structures, and operational efficiency, which are crucial for fiscal and economic policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to adjust for price changes over time.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to contextualize government spending, assess productivity trends, and understand cost drivers within the public sector.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Bureau of Economic Analysis with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Intermediate Inputs by Industry: Government (Chain-Type Quantity Index) (IIQIPG), retrieved from FRED.