Local government current receipts: Income receipts on assets: Interest receipts
W842RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.71
Year-over-Year Change
49.33%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures interest income received by local governments from their financial assets. It provides insight into a key revenue source for local budgets and fiscal health.
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 'Local government current receipts: Income receipts on assets: Interest receipts' trend represents the interest earned by state and local governments on their financial investments and holdings. This metric is used by economists and policymakers to analyze the fiscal conditions and revenue sources of sub-national governments.
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 is relevant for understanding the funding and financial management of local and state governments.
Key Facts
- Local governments earned $258 billion in interest receipts in 2021.
- Interest receipts account for about 5% of total local government current receipts.
- This metric has shown a declining trend over the past decade due to low interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the interest income received by state and local governments from their financial assets and investments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a key revenue source for local budgets and the overall fiscal health of sub-national governments.
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 indicator is relevant for understanding the funding and financial management of local and state governments, which is important for economists and policymakers.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Local government current receipts: Income receipts on assets: Interest receipts (W842RC1A027NBEA), retrieved from FRED.