Real Government Consumption Expenditures and Gross Investment: Government: Public order and safety
W579RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.20
Year-over-Year Change
-268.00%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures real government spending on public order and safety, including law enforcement, fire protection, and judicial and legal services. It is a key indicator of government fiscal policy and priorities.
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 Government Consumption Expenditures and Gross Investment: Government: Public order and safety series tracks the inflation-adjusted spending by federal, state, and local governments on services related to public safety and the legal system. This metric provides insight into the resources allocated to maintaining law and order in the United States.
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
This economic indicator is closely monitored by policymakers, analysts, and researchers to assess government budgeting and the role of the public sector in the broader economy.
Key Facts
- Measured in chained 2012 dollars.
- Includes spending on police, fire protection, and the justice system.
- Considered a proxy for government priorities and resource allocation.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) government spending on public order and safety services, including law enforcement, fire protection, and the judicial system.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into government priorities and the resources allocated to maintaining public safety and the rule of law, which are important factors in economic and social stability.
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: Policymakers, analysts, and researchers monitor this indicator to assess government budgeting and the role of the public sector in the broader economy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with a typical release lag of approximately one month.
Related Trends
Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Federal: Nondefense: Gross Investment: Equipment
Y066RZ2A224NBEA
State and Local Government Expenditures: Statistical differences, expenditure
LA0000321A027NBEA
State government current receipts: Current surplus of government enterprises
W750RC1A027NBEA
State and local government current receipts: Income receipts on assets: Dividends
B081RC1A027NBEA
Net federal government saving: Other (excluding social insurance funds)
B244RC1A027NBEA
Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Federal: Gross Investment: Intellectual Property Products: Research and Development
Y061RZ2A224NBEA
Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: Government: Public order and safety (W579RL1A225NBEA), retrieved from FRED.