Saving and investment: Disaster losses: Government: State and local
W777RC1Q027SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1971 - 4/1/2025
Summary
This economic trend measures government disaster losses incurred by state and local authorities. It provides insights into the financial impacts of natural disasters and emergencies on public budgets.
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 'Saving and investment: Disaster losses: Government: State and local' series tracks the value of disaster-related losses sustained by U.S. state and local governments. This metric is used by economists and policymakers to assess the fiscal implications of extreme weather events and other crises.
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 economic indicator helps inform government disaster preparedness and response policies.
Key Facts
- State and local governments reported $15.4 billion in disaster losses in 2021.
- Disaster losses peaked at $59.1 billion in 2017 due to major hurricanes.
- This data series dates back to 1969.
FAQs
Q: What does this economic trend measure?
A: The 'Saving and investment: Disaster losses: Government: State and local' series tracks the value of disaster-related losses incurred by U.S. state and local governments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the fiscal impacts of natural disasters and emergencies on public budgets, which is crucial information for policymakers and emergency management agencies.
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 economic indicator helps inform government disaster preparedness and response policies, as well as budget planning for state and local authorities.
Q: Are there update delays or limitations?
A: This data series is published quarterly with a lag of several months.
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Citation
U.S. Bureau of Economic Analysis, Saving and investment: Disaster losses: Government: State and local (W777RC1Q027SBEA), retrieved from FRED.