Real Government Consumption Expenditures and Gross Investment: State and Local: Economic affairs: Other economic affairs
W665RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
-229.17%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures real government spending on state and local economic affairs, excluding infrastructure and public safety. It is a key indicator of fiscal policy and economic conditions at the state and local level.
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: State and Local: Economic affairs: Other economic affairs indicator tracks the inflation-adjusted value of government spending on economic development, technology, and other business-focused programs at the state and local level. It provides insight into the role of government in supporting the broader economy.
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 investors to gauge state and local government priorities and fiscal conditions.
Key Facts
- State and local governments account for over a third of total government spending in the U.S.
- Spending on economic affairs makes up about 10% of total state and local government budgets.
- This indicator has shown steady real growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures real (inflation-adjusted) government spending at the state and local level on economic development, technology, and other business-focused programs, excluding infrastructure and public safety.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the fiscal priorities and conditions of state and local governments, which are key drivers of economic growth and development in the U.S.
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 investors closely monitor this indicator to gauge state and local government support for economic development and the broader fiscal health of state and local economies.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: State and Local: Economic affairs: Other economic affairs (W665RL1A225NBEA), retrieved from FRED.