Real Government Consumption Expenditures and Gross Investment: Government: Education
W600RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-308.33%
Date Range
1/1/1960 - 1/1/2023
Summary
The 'Real Government Consumption Expenditures and Gross Investment: Government: Education' trend measures the inflation-adjusted spending on government education services and investment. It is a key indicator of the government's role in the education sector.
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 economic series tracks the real, or inflation-adjusted, value of government expenditures on education, including compensation of employees, consumption of fixed capital, and gross investment in structures, equipment, and software. It provides insight into the government's allocation of resources to the education system.
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
Policymakers and analysts use this metric to evaluate the government's fiscal priorities and the role of public spending in the education system.
Key Facts
- Government education spending accounts for over $1 trillion annually.
- This metric has declined as a share of GDP since the early 2000s.
- Education is the third-largest category of government expenditures after healthcare and social security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of government expenditures on education, including compensation of employees, consumption of fixed capital, and gross investment in structures, equipment, and software.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's allocation of resources to the education system, which is a key policy priority and a major component of government spending.
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 and analysts use this metric to evaluate the government's fiscal priorities and the role of public spending in the education system.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two to three months.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: Government: Education (W600RL1A225NBEA), retrieved from FRED.