Real Value Added by Industry: Government: Federal
RVAF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
821.30
Year-over-Year Change
0.58%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Value Added by Industry: Government: Federal' trend measures the real output of the federal government sector of the U.S. economy. It is an important indicator for economists and policymakers to track the size and productivity of the public sector.
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
This economic indicator represents the real, inflation-adjusted value added by the federal government to overall U.S. economic output. It is a key component of the Gross Domestic Product (GDP) and provides insights into the scale and efficiency of the federal government's economic activities.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Historical Context
This trend is closely monitored by policymakers, as changes in federal government output can influence fiscal and monetary policy decisions.
Key Facts
- The federal government accounts for around 18% of total U.S. economic output.
- Real federal government value added has grown by an average of 1.5% per year over the past decade.
- The COVID-19 pandemic led to a sharp, temporary increase in federal government output in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Real Value Added by Industry: Government: Federal' trend measures the real, inflation-adjusted output of the federal government sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the size and productivity of the public sector, which is a key component of the overall U.S. economy. It is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts methodology.
Q: How is this trend used in economic policy?
A: Changes in federal government output can influence fiscal and monetary policy decisions, as the government's economic activities are a significant part of overall GDP.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Real Value Added by Industry: Government: Federal (RVAF), retrieved from FRED.