Real Government Consumption Expenditures and Gross Investment: Federal: Economic affairs: Space
W631RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-146.88%
Date Range
1/1/1960 - 1/1/2023
Summary
The 'Real Government Consumption Expenditures and Gross Investment: Federal: Economic affairs: Space' metric measures the inflation-adjusted spending by the U.S. federal government on space-related economic activities.
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 indicator tracks the real dollar value of federal government expenditures and investments in the space industry, which is an important component of broader economic affairs spending. It provides insights into the government's priorities and commitment to the space sector.
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 assess the government's fiscal support for the space industry and its role in driving economic growth.
Key Facts
- This metric is adjusted for inflation using the GDP deflator.
- Space-related spending accounts for a small but critical portion of federal economic affairs outlays.
- Trends in this indicator can signal changes in the government's space program priorities.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted dollar value of federal government consumption and investment expenditures related to the space industry and broader economic affairs.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the government's fiscal commitment to the space sector, which is an important driver of technological innovation and economic growth.
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 assess the government's support for the space industry and its role in stimulating broader economic activity.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with a typical 2-3 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: Federal: Economic affairs: Space (W631RL1A225NBEA), retrieved from FRED.