Net State and Local Government Saving
SLDEF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-77.15
Year-over-Year Change
-146.93%
Date Range
1/1/1947 - 1/1/2025
Summary
Net State and Local Government Saving tracks the difference between state and local government revenue and expenditures, providing insight into fiscal conditions and public sector investment.
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 series measures the net saving or dissaving of state and local governments in the United States. It represents the balance between their total receipts, including taxes and grants, and their total expenditures on public services, infrastructure, and other outlays.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis from state and local government financial records.
Historical Context
Economists and policymakers use this indicator to assess the fiscal health and policy stance of state and local governments.
Key Facts
- State and local governments account for about 13% of U.S. GDP.
- Net saving can fund infrastructure investment or be used to build budget reserves.
- Negative net saving indicates government dissaving and potential fiscal challenges.
FAQs
Q: What does this economic trend measure?
A: The Net State and Local Government Saving series tracks the difference between the total revenue and total expenditures of state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the fiscal health and policy stance of state and local governments, which are important drivers of the overall economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis from state and local government financial records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the ability of state and local governments to fund public services, invest in infrastructure, and manage their fiscal position.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Net State and Local Government Saving (SLDEF), retrieved from FRED.