Real Gross Domestic Product: Government and Government Enterprises (92) in Virginia
Quarterly, Seasonally Adjusted Annual Rate
VAGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,966.90
Year-over-Year Change
5.74%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (VAGOVRQGSP) measures the annualized change in real government spending on goods and services. This important economic indicator provides insights into the fiscal policy stance and overall government 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 Quarterly, Seasonally Adjusted Annual Rate tracks the rate of change in real government spending on goods and services, adjusting for seasonal variations. It is a key metric used by economists and policymakers to assess the government's fiscal policy stance and its impact on the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This economic trend is closely monitored by policymakers, market analysts, and economic researchers to gauge the government's fiscal policy stance and its implications for economic growth, inflation, and other macroeconomic factors.
Key Facts
- The VAGOVRQGSP is reported on a quarterly basis.
- Real government spending on goods and services accounts for approximately 18% of U.S. GDP.
- Changes in this metric can signal shifts in the government's fiscal policy stance.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (VAGOVRQGSP) measures the annualized change in real government spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the government's fiscal policy stance and its potential impact on the broader economy, including economic growth, inflation, and other macroeconomic factors.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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: Policymakers, market analysts, and economic researchers closely monitor this trend to assess the government's fiscal policy stance and its implications for the overall economy.
Q: Are there update delays or limitations?
A: The VAGOVRQGSP data is reported on a quarterly basis, with a typical release lag of approximately one month.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (VAGOVRQGSP), retrieved from FRED.