Real Government Consumption Expenditures and Gross Investment: Federal: Health
W634RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.90
Year-over-Year Change
-288.46%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures real government spending on health-related consumption and investment by the U.S. federal government. It provides insights into the government's role in the healthcare 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
The Real Government Consumption Expenditures and Gross Investment: Federal: Health series tracks the inflation-adjusted value of federal government spending on healthcare, including both current consumption and capital investment. It is a key indicator of the government's fiscal priorities and commitment to public health.
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 monitored by policymakers, economists, and healthcare industry analysts to assess the government's role and influence in the healthcare market.
Key Facts
- Federal health spending accounts for over a quarter of total government consumption and investment.
- Real federal health spending has grown by over 50% in the past two decades.
- Health is the fastest-growing category of federal discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted value of federal government spending on healthcare, including both current consumption and capital investment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the government's fiscal priorities and commitment to public health, which is closely monitored by policymakers, economists, and healthcare industry analysts.
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: This trend is used by policymakers, economists, and healthcare industry analysts to assess the government's role and influence in the healthcare market.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the U.S. Bureau of Economic Analysis, with a lag of several months.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: Federal: Health (W634RL1A225NBEA), retrieved from FRED.