State and Local government current receipts: Netting and grossing differences: Government sales included in Census total revenue
L319161A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
489.99
Year-over-Year Change
54.65%
Date Range
1/1/1959 - 1/1/2022
Summary
This economic trend measures differences in the recording of state and local government receipts, specifically the netting and grossing of government sales. It is an important metric for understanding the true size and composition of government revenues.
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: Netting and grossing differences' metric examines how certain government receipts are recorded, either netted against expenditures or reported as gross revenue. This provides insight into the true size and makeup of state and local government budgets.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
This measure is used by economists and policymakers to analyze government fiscal conditions and policy impacts.
Key Facts
- This metric adjusts for differences in how state and local government receipts are recorded.
- It helps provide a more accurate picture of the total size of government budgets.
- The data is published quarterly as part of the national income and product accounts.
FAQs
Q: What does this economic trend measure?
A: This metric examines differences in how state and local government receipts are recorded, specifically the netting and grossing of government sales.
Q: Why is this trend relevant for users or analysts?
A: This measure provides important insight into the true size and composition of state and local government budgets, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze government fiscal conditions and the impacts of policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with the national income and product accounts, so there may be some update delays compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, State and Local government current receipts: Netting and grossing differences: Government sales included in Census total revenue (L319161A027NBEA), retrieved from FRED.