Real State and Local Consumption Expenditures and Gross Investment
ND000351Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
627.02
Year-over-Year Change
11.16%
Date Range
1/1/2007 - 4/1/2025
Summary
This economic trend measures real state and local government consumption expenditures and gross investment in the United States. It is a key indicator of public sector economic activity and a component of overall GDP.
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 Real State and Local Consumption Expenditures and Gross Investment series tracks inflation-adjusted spending by state and local governments on goods, services, and capital projects. It provides insight into the fiscal health and economic impact of the public sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Historical Context
Policymakers and analysts use this metric to assess the macroeconomic effects of state and local government activity.
Key Facts
- State and local governments account for over 10% of U.S. GDP.
- Real state/local consumption and investment declined during the Great Recession.
- This data series is released quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This metric tracks inflation-adjusted spending by state and local governments on goods, services, and capital projects in the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the fiscal health and economic impact of the public sector, which is a key component of overall GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the macroeconomic effects of state and local government activity.
Q: Are there update delays or limitations?
A: This data series is released quarterly by the Bureau of Economic Analysis with typical lags.
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Net interest (paid and received) paid by government
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Citation
U.S. Federal Reserve, Real State and Local Consumption Expenditures and Gross Investment (ND000351Q), retrieved from FRED.