Federal government consumption expenditures: Gross output of general government: Value added
W111RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,025.15
Year-over-Year Change
18.62%
Date Range
1/1/1947 - 4/1/2025
Summary
This economic trend measures the value added by the U.S. federal government's production and consumption activities. It is a key indicator of fiscal policy and government's role in the economy.
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 Federal government consumption expenditures and gross output metric tracks the value generated by the federal government's production of goods and services. It is a component of gross domestic product (GDP) and helps economists analyze the government's economic impact.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the national income and product accounts.
Historical Context
This metric is used by policymakers, analysts, and economists to assess the size and role of the federal government in the broader U.S. economy.
Key Facts
- Federal government spending was 21% of GDP in 2022.
- Value added by federal government was $2.3 trillion in Q3 2022.
- Government consumption expenditures have grown 6.3% annually since 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the value generated by the federal government's production and consumption of goods and services, which is a component of U.S. gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the size and role of the federal government within the broader U.S. economy, which is crucial for fiscal policy analysis and economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and economists use this metric to assess the federal government's economic impact and inform decisions around fiscal policy, government spending, and the role of the public sector.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA, with a typical 1-2 month delay from the end of the reference period.
Related Trends
Value Added by Industry: Government: Federal as a Percentage of GDP
VAPGDPF
State Government Tax Collections, Public Utilities - Selective Sales Taxes in the United States
USUTILITAX
Real government consumption expenditures: Gross output of general government: Value added: Compensation of general government employees
A194RX1Q020SBEA
Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Federal: Nondefense: Gross Investment: Equipment
Y066RZ2A224NBEA
Current surplus of government enterprises: State and local: Water and sewerage
L312181A027NBEA
Net state and local government saving: Social insurance funds
B118RC1A027NBEA
Citation
U.S. Federal Reserve, Federal government consumption expenditures: Gross output of general government: Value added (W111RC1Q027SBEA), retrieved from FRED.