Gross Domestic Product: Government and Government Enterprises (92) in North Dakota
Annual, Not Seasonally Adjusted
NDGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,891.40
Year-over-Year Change
55.77%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures nominal federal, state, and local government gross investment. This metric is an important indicator of public infrastructure and capital spending, which can influence economic growth.
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 'Annual, Not Seasonally Adjusted' series represents nominal gross investment by federal, state, and local governments in the United States. This statistic includes spending on construction, equipment, and software, and is a key component of overall government expenditure.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Government investment levels are closely monitored by policymakers and analysts to assess the stance of fiscal policy and its potential impact on the broader economy.
Key Facts
- Government investment accounts for over 15% of total U.S. GDP.
- Real government investment grew by 2.5% in 2022.
- Public infrastructure spending has a multiplier effect on economic output.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures nominal gross investment by federal, state, and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: Government investment levels are a key indicator of fiscal policy and can influence overall economic growth through public infrastructure and capital spending.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor government investment levels to assess the stance of fiscal policy and its potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data is subject to periodic revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NDGOVNGSP), retrieved from FRED.