Real Government Consumption Expenditures and Gross Investment: Government: Housing and community services
W597RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
-218.46%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic indicator measures real government spending on housing and community services. It is a key component of gross domestic product (GDP) and provides insights into the 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 Real Government Consumption Expenditures and Gross Investment: Government: Housing and community services trend represents the inflation-adjusted value of government spending on activities related to housing, utilities, and community development. It is an important measure of the government's fiscal policies and priorities.
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 trend is closely watched by policymakers, economists, and market analysts to assess the government's role in the economy and the potential impact on overall economic growth.
Key Facts
- The series is inflation-adjusted to 2012 dollars.
- Housing and community services account for around 2% of total government spending.
- This trend has shown moderate growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of government spending on housing, utilities, and community development activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the government's fiscal priorities and the role of public spending in the housing and community services sectors, which can have broader implications for economic growth and development.
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, economists, and market analysts closely monitor this trend to assess the government's role in the economy and the potential impact on overall economic growth and development.
Q: Are there update delays or limitations?
A: This data is typically published on a quarterly basis with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: Government: Housing and community services (W597RL1A225NBEA), retrieved from FRED.