Gross Domestic Product: Government and Government Enterprises (92) in the Southeast BEA Region
Annual, Not Seasonally Adjusted
SESTGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
746,383.60
Year-over-Year Change
49.43%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures government spending in the United States. This metric is a key indicator 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 Annual, Not Seasonally Adjusted series tracks total government expenditures, including federal, state, and local spending. It is a broad measure of the government's role in the economy and can provide insights into fiscal policy and its impact on economic growth.
Methodology
The data is collected and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by policymakers, analysts, and economists to assess the government's influence on the overall economy.
Key Facts
- Government spending accounts for over a third of U.S. GDP.
- Federal spending makes up the largest portion of total government expenditures.
- Fluctuations in government spending can have significant impacts on economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures total government spending in the United States, including federal, state, and local expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of fiscal policy and the government's influence on the overall economy. It provides insights into the scale and composition of public sector activities.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and economists use this metric to assess the government's role in the economy and the potential impacts of fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually and may be subject to revisions. Users should be aware of potential lags in availability and any methodological changes over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SESTGOVNGSP), retrieved from FRED.