Real State and Local Government: Gross Investment
SLINVC96 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
471.05
Year-over-Year Change
25.91%
Date Range
1/1/2007 - 4/1/2025
Summary
The Real State and Local Government: Gross Investment trend measures the total inflation-adjusted spending by state and local governments on capital projects and investments. This metric is important for economists and policymakers to gauge the level of public infrastructure 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 represents the real dollar value of gross investment by state and local governments in the United States, which includes spending on structures, equipment, and software. It is a key indicator of government priorities and fiscal health, as well as a component of overall GDP.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Trends in state and local government investment are closely watched by analysts to assess the fiscal position of sub-national governments and their ability to fund public infrastructure projects.
Key Facts
- State and local governments account for over 12% of total U.S. GDP.
- Real government investment has declined by over 20% since the Great Recession.
- Infrastructure spending is a key policy lever for stimulating the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real (inflation-adjusted) spending by state and local governments in the United States on capital projects and investments, including structures, equipment, and software.
Q: Why is this trend relevant for users or analysts?
A: Trends in state and local government investment are an important indicator of fiscal health and priorities at the sub-national level, as well as a component of overall GDP and infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected 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: Analysts and policymakers closely monitor state and local government investment to assess fiscal positions, infrastructure needs, and the potential for stimulative public spending.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Real State and Local Government: Gross Investment (SLINVC96), retrieved from FRED.