Real Government Consumption Expenditures and Gross Investment: State and Local: Education: Elementary and secondary
W674RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-223.68%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures real government spending on elementary and secondary education by state and local governments. It is a key indicator of public investment in human capital and education infrastructure.
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: Education: Elementary and Secondary series tracks inflation-adjusted spending by state and local governments on elementary and secondary public schools. It reflects the level of public resources dedicated to educating children and developing the future workforce.
Methodology
The data is calculated from government financial accounts by the U.S. Bureau of Economic Analysis.
Historical Context
This metric informs policymakers and analysts about trends in public education funding and investment in human capital.
Key Facts
- State and local governments account for over 90% of public education funding in the U.S.
- Education is typically the largest item in state and local government budgets.
- Real education spending per student has increased significantly over the past several decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures real (inflation-adjusted) government spending on elementary and secondary public education by state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of public investment in human capital and the resources dedicated to educating the future workforce.
Q: How is this data collected or calculated?
A: The data is calculated from government financial accounts by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend informs policymakers and analysts about trends in public education funding, which is a key factor in human capital development and economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
Related Trends
Current surplus of government enterprises: State and local: Liquor stores
L312211A027NBEA
National income without capital consumption adjustment: Government
B436RC1Q027SBEA
State Government Tax Collections, Amusements - Selective Sales Taxes in the United States
USAMUSTAX
State Government Tax Collections, Total Income Taxes in the United States
USTLINCTAX
State government current tax receipts: Taxes on production and imports
W7735C1A027NBEA
Local government: Net lending or net borrowing (-)
W870RC1A027NBEA
Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: State and Local: Education: Elementary and secondary (W674RL1A225NBEA), retrieved from FRED.