State and local government current receipts: Income receipts on assets
W074RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.93
Year-over-Year Change
6.67%
Date Range
1/1/1947 - 4/1/2025
Summary
This economic trend measures state and local government income from assets, a key component of their current receipts. It provides insight into the fiscal health and revenue sources of state and local governments.
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 'State and local government current receipts: Income receipts on assets' series tracks the income that state and local governments earn from financial assets like stocks, bonds, and other investments. This metric is an important indicator of government finances and can inform policy decisions.
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
Policymakers and analysts use this metric to assess the fiscal conditions and revenue streams of state and local governments.
Key Facts
- State and local governments earned $456 billion in income receipts on assets in 2021.
- Income receipts on assets make up around 7% of total state and local government current receipts.
- This metric has grown at an average annual rate of 3.5% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the income that state and local governments earn from financial assets like stocks, bonds, and other investments. It is a component of their total current receipts.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the fiscal health and revenue sources of state and local governments, which is important for policymakers and analysts assessing government finances.
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 and analysts use this metric to assess the fiscal conditions and revenue streams of state and local governments, which can inform policy decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis with a typical 2-month delay.
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Citation
U.S. Federal Reserve, State and local government current receipts: Income receipts on assets (W074RC1Q027SBEA), retrieved from FRED.