Intermediate Inputs by Industry: Government: State and Local
IISL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,553.00
Year-over-Year Change
12.72%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Intermediate Inputs by Industry: Government: State and Local' measures the value of goods and services consumed as inputs by state and local government agencies in the production process. This metric is important for economists and policymakers to understand the spending patterns and cost structures 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 series represents the dollar value of intermediate inputs, such as energy, materials, and purchased services, used by state and local government agencies in the United States. It provides insight into the operational costs and resource utilization of non-federal public institutions.
Methodology
The data is collected through surveys of government agencies and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists, policymakers, and analysts to assess the fiscal health and efficiency of state and local government operations.
Key Facts
- The IISL series has been tracked since 1997.
- State and local governments account for over $2 trillion in annual spending.
- Intermediate inputs represent about 40% of total state and local government expenditures.
FAQs
Q: What does this economic trend measure?
A: The 'Intermediate Inputs by Industry: Government: State and Local' metric measures the value of goods and services consumed as inputs by state and local government agencies in their production processes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the operational costs and resource utilization of non-federal public institutions, which is crucial for understanding the fiscal health and efficiency of state and local government operations.
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: Economists, policymakers, and analysts use this metric to assess the fiscal health and efficiency of state and local government operations, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The IISL series is updated quarterly, with a lag of approximately two months. There may be limitations in capturing all relevant inputs or variations in reporting across different government agencies.
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Citation
U.S. Federal Reserve, Intermediate Inputs by Industry: Government: State and Local (IISL), retrieved from FRED.