Real Gross Output of General Government: Value Added
W102RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
-377.78%
Date Range
1/1/1930 - 1/1/2024
Summary
The Real Gross Output of General Government: Value Added measures the output of the government sector, adjusted for inflation. It is a key indicator of the government's economic activity and contribution to overall GDP.
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
This series represents the real, inflation-adjusted value added by the general government sector, including federal, state, and local governments. It is an important metric for understanding the government's role in the broader economy and how it changes over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Historical Context
Policymakers and analysts use this metric to assess the government's economic footprint and its fiscal and monetary policy impacts.
Key Facts
- Government sector accounts for ~17% of U.S. GDP.
- Real government output grew 2.1% in 2021.
- Federal government comprises ~60% of total government output.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Output of General Government: Value Added measures the real, inflation-adjusted output of the government sector, including federal, state, and local governments.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the government's role and contribution to the overall economy, and how it changes over time in response to fiscal and monetary policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts (NIPA) methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the government's economic footprint and its fiscal and monetary policy impacts.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay by the Bureau of Economic Analysis.
Related Trends
Government saving: Other (excluding social insurance funds)
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State Government Tax Collections, Amusements Licenses in the United States
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State government current receipts: Current transfer receipts
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Government capital transfer receipts
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State government: Net lending or net borrowing (-)
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Gross value added: GDP: General government: State and local
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Citation
U.S. Federal Reserve, Real Gross Output of General Government: Value Added (W102RL1A225NBEA), retrieved from FRED.