Government Purchases of Goods and Services, Federal for United States
Q1527AUSQ027NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
-78.77%
Date Range
1/1/1939 - 10/1/1946
Summary
This economic indicator tracks government spending on goods and services at the federal level in the United States. It is a key measure of fiscal policy and economic activity.
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 Government Purchases of Goods and Services, Federal for United States metric represents the total value of all purchases made by the federal government, including spending on items like defense equipment, office supplies, and contracted services. This data point is closely watched by economists and policymakers to gauge the government's fiscal stance and its impact on the broader economy.
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
Changes in federal government spending can influence economic growth, inflation, and other macroeconomic indicators, making this trend important for analysis of fiscal policy.
Key Facts
- The U.S. federal government is the largest purchaser of goods and services in the economy.
- Government spending accounts for around 20% of total U.S. GDP.
- Federal purchases have a direct impact on overall economic growth and employment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of goods and services purchased by the U.S. federal government, a key component of overall government spending and fiscal policy.
Q: Why is this trend relevant for users or analysts?
A: Changes in federal government purchases can have significant impacts on economic growth, inflation, and other macroeconomic factors, making this an important data point for economists, policymakers, and market analysts.
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: Policymakers closely monitor federal government purchases as a tool for stimulating or restraining economic activity through fiscal policy measures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Government Purchases of Goods and Services, Federal for United States (Q1527AUSQ027NNBR), retrieved from FRED.