Real federal government consumption expenditures: Nondefense consumption expenditures: Gross output of general government: Value added
W129RX1A020NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
352.71
Year-over-Year Change
24.62%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the real value added by the U.S. federal government's nondefense consumption expenditures. It provides insights into the government's role in the economy and its impact on economic growth.
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 Federal Government Consumption Expenditures: Nondefense Consumption Expenditures: Gross Output of General Government: Value Added trend represents the contribution of the federal government's nondefense activities to the nation's gross domestic product. It is a key indicator used by economists and policymakers to analyze the government's fiscal policy and its influence on the overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is widely used by economists, analysts, and policymakers to assess the government's role in the economy and its impact on economic growth and stability.
Key Facts
- The trend has been relatively stable since the early 2000s.
- Nondefense government consumption accounts for around 10% of U.S. GDP.
- This metric is a key input for calculating the government's contribution to GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real value added by the U.S. federal government's nondefense consumption expenditures, which represents the government's contribution to the nation's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the government's role in the economy and its impact on economic growth, making it a key indicator used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, analysts, and policymakers to assess the government's fiscal policy and its influence on the overall economic performance.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real federal government consumption expenditures: Nondefense consumption expenditures: Gross output of general government: Value added (W129RX1A020NBEA), retrieved from FRED.