Federal government total expenditures
W019RCQ027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,536.18
Year-over-Year Change
14.57%
Date Range
7/1/1959 - 4/1/2025
Summary
This economic trend measures total spending by the U.S. federal government, a key indicator of fiscal policy and government's role 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
Federal government total expenditures include all outlays for programs, operations, and investments. This metric is used by economists and policymakers to analyze the scope and impact of government fiscal activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Tracking federal spending is crucial for understanding government's influence on GDP, inflation, and economic growth.
Key Facts
- Federal spending accounts for over 20% of U.S. GDP.
- Government outlays peaked during the COVID-19 pandemic.
- Spending on social programs makes up the largest share of federal expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount spent by the U.S. federal government, including outlays for programs, operations, and investments.
Q: Why is this trend relevant for users or analysts?
A: Tracking federal spending is crucial for understanding the government's influence on the broader economy, including its impact on GDP, inflation, and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the scope and impact of government fiscal activity and its role in the economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be delays in reflecting the most recent fiscal developments.
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Citation
U.S. Federal Reserve, Federal government total expenditures (W019RCQ027SBEA), retrieved from FRED.