State and local government total expenditures
W079RCQ027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,293.75
Year-over-Year Change
15.94%
Date Range
1/1/1947 - 4/1/2025
Summary
This economic indicator measures total expenditures by state and local governments in the United States. It provides insight into fiscal policy and government activity at the subnational level.
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
State and local government total expenditures track the overall spending of U.S. state and municipal governments. This data is used by economists and policymakers to analyze the scope and trends of public sector activity 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
Trends in state and local government expenditures are closely monitored for their implications on economic growth, fiscal policy, and public services.
Key Facts
- State and local governments account for over $3 trillion in annual spending.
- Expenditures include salaries, benefits, procurement, and public service provision.
- Spending trends reflect fiscal conditions and policy priorities at the subnational level.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total expenditures of state and local governments in the United States, providing insight into the scale and trends of public sector activity.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state and local government spending is important for understanding fiscal conditions, policy priorities, and the broader economic impact of the public sector.
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: Trends in state and local government expenditures are closely watched by economists, policymakers, and market analysts for their implications on economic growth, fiscal conditions, and public service provision.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
State Government Tax Collections, Pari-Mutuels - Selective Sales Taxes in the United States
USPARITAX
State government saving: Other
W761RC1A027NBEA
Real Gross Output of General Government: Intermediate Goods and Services Purchased: Durable Goods
W105RL1Q225SBEA
Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Gross investment: Equipment: Other equipment
B879RN2A224NBEA
National income without capital consumption adjustment: Government
B436RC1Q027SBEA
Federal government expenditures: Timing differences: Other (NIPA vs. Budget)
W708MC1Q027NBEA
Citation
U.S. Federal Reserve, State and local government total expenditures (W079RCQ027SBEA), retrieved from FRED.