Real Value Added by Industry: Government
RVAG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,666.10
Year-over-Year Change
5.89%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Value Added by Industry: Government trend measures the inflation-adjusted output of the government sector in the U.S. economy. It is a key indicator for economists and policymakers to assess the contribution of government activities to overall 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 Real Value Added by Industry: Government statistic represents the real (inflation-adjusted) value of goods and services produced by federal, state, and local government entities in the United States. It is a component of the Bureau of Economic Analysis' broader Gross Domestic Product (GDP) data and provides insight into the role of the public sector in the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production, expenditure, and income statistics from various government sources.
Historical Context
This trend is closely monitored by economic analysts, investors, and policymakers to understand the fiscal and budgetary impacts on overall economic performance.
Key Facts
- Government accounts for about 17% of U.S. GDP.
- Real government value added grew by 2.5% in 2021.
- Federal government makes up over 60% of total government value added.
FAQs
Q: What does this economic trend measure?
A: The Real Value Added by Industry: Government trend measures the real (inflation-adjusted) value of goods and services produced by federal, state, and local government entities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into the role and contribution of the public sector to overall economic growth and performance, which is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production, expenditure, and income statistics from various government sources.
Q: How is this trend used in economic policy?
A: The Real Value Added by Industry: Government trend is used by policymakers, analysts, and institutions to assess the fiscal and budgetary impacts on overall economic performance and guide decisions around government spending and policies.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical delay of 2-3 months from the end of the reference period.
Related Trends
Local government current receipts: Current surplus of government enterprises
W850RC1A027NBEA
Government enterprise gross fixed investment: Federal: Structures
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Federal government expenditures: Coverage differences: Federal employee retirement plan transactions: Interest received (NIPA vs. Budget)
M318231A027NBEA
Real Gross Output of General Government: Intermediate Goods and Services Purchased: Durable Goods
W105RL1A225NBEA
Current surplus of government enterprises: Federal: Other
L312141A027NBEA
State Government Current transfer receipts: From the rest of the world
LA0000201A027NBEA
Citation
U.S. Federal Reserve, Real Value Added by Industry: Government (RVAG), retrieved from FRED.