State and local government net saving, national income and product accounts
L319471A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.64
Year-over-Year Change
-149.72%
Date Range
1/1/1959 - 1/1/2022
Summary
This economic trend measures state and local government net saving in the United States, a key indicator of public sector financial conditions and a component of the national income and product accounts.
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
State and local government net saving represents the difference between government revenues and expenditures, providing insight into the fiscal health of sub-national public entities. This metric is used by policymakers and analysts to assess government budgets and the public sector's contribution to overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
State and local government net saving is an important indicator for understanding the public sector's impact on broader economic conditions and policy.
Key Facts
- State and local governments account for over 15% of GDP in the U.S.
- Net saving represents the difference between government revenues and expenditures.
- Positive net saving indicates a budget surplus, while negative net saving indicates a deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net saving of state and local governments in the United States, which is the difference between their total revenues and total expenditures.
Q: Why is this trend relevant for users or analysts?
A: State and local government net saving is an important indicator of the fiscal health and budgetary conditions of sub-national public entities, providing insight into the public sector's contribution to overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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: State and local government net saving is used by policymakers and analysts to assess government budgets and the public sector's impact on broader economic conditions and policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with typical update delays of several months.
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Citation
U.S. Federal Reserve, State and local government net saving, national income and product accounts (L319471A027NBEA), retrieved from FRED.