Real Government Consumption Expenditures and Gross Investment: State and Local: Income security
W678RL1A225NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
-136.17%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures real government consumption expenditures and gross investment by state and local governments in the income security function, which includes programs like welfare, unemployment insurance, and disability payments.
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: Income security indicator provides insights into the real spending by state and local governments on social safety net programs. This metric is useful for analyzing government fiscal policy and the role of public sector support for households.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to assess the government's role in providing social services and the overall fiscal health of state and local jurisdictions.
Key Facts
- State and local governments account for over 60% of total government consumption and investment.
- Spending on income security functions makes up around 25% of total state and local government expenditures.
- This metric is adjusted for inflation to provide a real measure of purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures real government consumption expenditures and gross investment by state and local governments on income security programs, which include welfare, unemployment insurance, and disability payments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the government's role in supporting social safety net programs and is useful for analyzing fiscal policy and the overall health of state and local government finances.
Q: How is this data collected or calculated?
A: The data is collected 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 market analysts closely monitor this trend to assess the government's role in providing social services and the fiscal health of state and local jurisdictions.
Q: Are there update delays or limitations?
A: The data is subject to regular revisions by the statistical agencies and may have publication lags of several months.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: State and Local: Income security (W678RL1A225NBEA), retrieved from FRED.