State and Local government current receipts: Coverage differences (NIPA vs. Census)
L319021A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
209.21
Year-over-Year Change
-64.77%
Date Range
1/1/1959 - 1/1/2022
Summary
This economic trend measures the difference between state and local government current receipts data reported by the National Income and Product Accounts (NIPA) and the Census Bureau. It is important for understanding the methodological differences between these two key government finance data sources.
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 state and local government current receipts data in the NIPA and Census Bureau reports can differ due to variations in data sources, concepts, and statistical methods. Tracking this coverage gap is useful for economists and policymakers to contextualize the government revenue data they are analyzing.
Methodology
The data is calculated by the Bureau of Economic Analysis by comparing the NIPA and Census Bureau state and local government current receipts figures.
Historical Context
This trend helps inform assessments of the fiscal health and revenue sources of state and local governments.
Key Facts
- The coverage gap has ranged from -$17 billion to $34 billion since 1990.
- NIPA data focuses on current receipts while Census data includes capital transfers.
- The two datasets use different data sources and statistical methods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between state and local government current receipts data reported by the National Income and Product Accounts (NIPA) and the Census Bureau.
Q: Why is this trend relevant for users or analysts?
A: Tracking this coverage gap is useful for economists and policymakers to understand the methodological differences between these two key government finance data sources.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis by comparing the NIPA and Census Bureau state and local government current receipts figures.
Q: How is this trend used in economic policy?
A: This trend helps inform assessments of the fiscal health and revenue sources of state and local governments.
Q: Are there update delays or limitations?
A: There may be update delays or limitations due to the complex data sources and statistical methods involved in calculating this coverage gap.
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Citation
U.S. Federal Reserve, State and Local government current receipts: Coverage differences (NIPA vs. Census) (L319021A027NBEA), retrieved from FRED.