Federal government expenditures: Coverage differences: Net purchases of nonproduced assets (NIPA vs. Budget)
M318361A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.96
Year-over-Year Change
43.11%
Date Range
1/1/1968 - 1/1/2023
Summary
This economic trend measures differences in federal government expenditures on nonproduced assets between the National Income and Product Accounts (NIPA) and the federal budget. It provides insight into the divergence between these two key economic reporting frameworks.
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 'Federal government expenditures: Coverage differences: Net purchases of nonproduced assets (NIPA vs. Budget)' series tracks the gap between how the U.S. federal government's spending on nonproduced assets like land and mineral resources is reported in the NIPA accounts versus the federal budget. This helps analysts understand the distinctions between these important data sources.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis using information from the NIPA and federal budget reports.
Historical Context
This trend is used by economists, policymakers, and analysts to assess the completeness and consistency of federal fiscal data across reporting systems.
Key Facts
- Difference between NIPA and budget reporting was $1.3 billion in 2020.
- Trend data available quarterly since 1947.
- Measures divergence in how government land/resource purchases are treated.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference in how the U.S. federal government's expenditures on nonproduced assets like land and mineral resources are reported in the National Income and Product Accounts (NIPA) versus the federal budget.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the divergence between two key economic reporting frameworks, NIPA and the federal budget, which is important for assessing the completeness and consistency of fiscal data.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using information from the NIPA and federal budget reports.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and analysts to understand the differences between federal fiscal reporting systems and their implications for economic analysis and policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with the latest available information.
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Citation
U.S. Federal Reserve, Federal government expenditures: Coverage differences: Net purchases of nonproduced assets (NIPA vs. Budget) (M318361A027NBEA), retrieved from FRED.