Federal government total receipts
W018RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,385.28
Year-over-Year Change
4.95%
Date Range
1/1/1947 - 1/1/2025
Summary
The 'Federal government total receipts' trend measures the total revenue collected by the U.S. federal government, a key indicator of fiscal policy and economic performance.
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 total current receipts of the federal government, including individual and corporate income taxes, social insurance and retirement receipts, and other revenue. It provides insight into the government's fiscal position and ability to fund public services and programs.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Historical Context
Federal receipts data is closely monitored by policymakers, economists, and investors to assess the government's budgetary stance and potential fiscal policy actions.
Key Facts
- Federal receipts account for over 17% of U.S. GDP.
- Corporate income taxes make up about 7% of total federal receipts.
- Federal receipts fell sharply during the 2008-2009 recession but have since recovered.
FAQs
Q: What does this economic trend measure?
A: The 'Federal government total receipts' series measures the total current revenue collected by the U.S. federal government, including income taxes, social insurance contributions, and other sources.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for assessing the federal government's fiscal position, ability to fund programs and services, and the overall stance of fiscal policy in the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the National Income and Product Accounts (NIPA).
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor federal receipts data to gauge the government's budgetary stance and potential fiscal policy actions, such as tax changes or spending measures.
Q: Are there update delays or limitations?
A: The federal receipts data is published quarterly by the BEA with a lag of approximately 2-3 months.
Related Trends
State government expenditures: Net purchases of nonproduced assets
W768RC1A027NBEA
Intermediate Inputs by Industry: Government: State and Local (Chain-Type Price Index)
IIPISL
State and local government total expenditures
W079RCQ027SBEA
Local Government Current Expenditures: Interest payments: to the rest of the world
Y710RC1A027NBEA
Taxes on production and imports: Local government: Sales taxes: General
L305211A027NBEA
National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Services: Travel of persons
B785RC1A027NBEA
Citation
U.S. Federal Reserve, Federal government total receipts (W018RC1Q027SBEA), retrieved from FRED.