State government expenditures: Net purchases of nonproduced assets
W768RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.93
Year-over-Year Change
41.28%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures state government spending on the acquisition of nonproduced assets, such as land and natural resources. It provides insights into how state governments allocate resources and manage their asset portfolios.
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 'State government expenditures: Net purchases of nonproduced assets' metric tracks the net change in state governments' holdings of land, mineral deposits, and other nonproduced assets. This data is used by economists and policymakers to understand state-level investment decisions and resource management.
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 metric is relevant for analyzing state fiscal policies, infrastructure planning, and natural resource development.
Key Facts
- Net purchases of nonproduced assets by state governments totaled $10.4 billion in 2020.
- This metric has trended downward since peaking at $31.1 billion in 2001.
- Purchases of land and mineral deposits account for the majority of this spending category.
FAQs
Q: What does this economic trend measure?
A: This metric tracks state government spending on the acquisition of nonproduced assets, such as land, mineral deposits, and other natural resources.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into how state governments are managing and investing in their asset portfolios, which is relevant for understanding fiscal policies, infrastructure planning, and natural resource development.
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 metric is used by economists, policymakers, and market analysts to assess state-level investment decisions, resource management, and the fiscal position of state governments.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, State government expenditures: Net purchases of nonproduced assets (W768RC1A027NBEA), retrieved from FRED.