Real Gross Output of General Government
W101RL1Q225SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-162.50%
Date Range
4/1/1947 - 4/1/2025
Summary
The Real Gross Output of General Government measures the inflation-adjusted value of goods and services produced by the U.S. federal, state, and local governments. It is a key indicator of the size and economic contribution 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
The Real Gross Output of General Government represents the real output of all government activities, including public administration, defense, education, and other services. It is an important component of the U.S. Gross Domestic Product and is used to analyze the government's role in the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using production and cost data from government agencies.
Historical Context
Policymakers and economists monitor this metric to assess the fiscal health and economic impact of the public sector.
Key Facts
- Measures real value of goods and services produced by federal, state, and local governments.
- Included in U.S. Gross Domestic Product (GDP) calculations.
- Used to analyze the economic role and impact of the public sector.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Output of General Government measures the inflation-adjusted value of goods and services produced by the U.S. federal, state, and local governments.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by policymakers and economists to assess the fiscal health and economic contribution of the public sector within the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using production and cost data from government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to analyze the size and economic impact of government activities, which informs fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with potential delays due to data collection and processing.
Related Trends
Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Nondurable goods: Other nondurable goods
B783RN2A224NBEA
State and Local Government: Taxes on production and imports: Sales Taxes
ASLSTAX
Nonprofit institution current transfer payments: to government
W420RC1A027NBEA
State and Local Government Expenditures: Statistical differences, expenditure
LA0000321A027NBEA
National defense consumption expenditures: Gross output of general government: Intermediate goods and services purchased: Durable goods: Other durable goods
B389RC1Q027SBEA
Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Gross investment: Equipment
Y050RN2A224NBEA
Citation
U.S. Federal Reserve, Real Gross Output of General Government (W101RL1Q225SBEA), retrieved from FRED.