Government total expenditures
W068RCQ027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,755.25
Year-over-Year Change
20.81%
Date Range
1/1/1960 - 4/1/2025
Summary
This economic trend measures total government expenditures in the United States, including federal, state, and local spending. It is a key indicator of fiscal policy and the overall size of the public sector.
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
Government total expenditures represent the sum of all outlays by federal, state, and local governments. This data is used by economists and policymakers to analyze the government's role in the economy and assess the impact of fiscal policy on growth, inflation, and other macroeconomic factors.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on administrative records and surveys.
Historical Context
Trends in government spending are closely monitored by financial markets, central banks, and other institutions to gauge the stance of fiscal policy and its potential economic implications.
Key Facts
- Government spending accounts for over a third of U.S. GDP.
- Federal outlays make up the largest share of total government expenditures.
- Government spending is a key tool for policymakers to influence economic growth and stabilization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenditures by federal, state, and local governments in the United States, including consumption, investment, and transfer payments.
Q: Why is this trend relevant for users or analysts?
A: Government spending is a critical component of aggregate demand and a key lever of fiscal policy, making this trend important for understanding the macroeconomic environment and the government's role in the economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on administrative records and surveys of government agencies.
Q: How is this trend used in economic policy?
A: Trends in government expenditures are closely monitored by policymakers, central banks, and financial markets to assess the stance of fiscal policy and its potential impact on economic growth, inflation, and other macroeconomic outcomes.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Government total expenditures (W068RCQ027SBEA), retrieved from FRED.