General Government Revenue for United States
USAGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.67
Year-over-Year Change
8.39%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for United States trend measures the total revenue collected by all levels of government in the U.S. It is a key indicator of the overall fiscal health and taxation levels in the economy.
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 metric represents the sum of all tax and non-tax revenue received by federal, state, and local governments. It provides insight into the government's ability to fund public services and programs through taxation and other sources of income.
Methodology
The data is collected and aggregated by the U.S. Bureau of Economic Analysis using tax receipts and other financial records.
Historical Context
Government revenue figures are closely monitored by policymakers, analysts, and investors to assess the government's fiscal position and predict future spending and taxation trends.
Key Facts
- Total U.S. government revenue was $7.5 trillion in 2021.
- Government revenue accounts for around 38% of U.S. GDP.
- Federal revenue makes up about two-thirds of total government revenue.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for United States trend measures the total revenue collected by all levels of government, including federal, state, and local.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's fiscal health and ability to fund public services, which is crucial for policymakers, economists, and investors to assess.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Bureau of Economic Analysis using tax receipts and other financial records.
Q: How is this trend used in economic policy?
A: Government revenue figures are closely monitored by policymakers to assess the government's fiscal position and predict future spending and taxation trends.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, General Government Revenue for United States (USAGGRGDP), retrieved from FRED.