Local government current receipts: Current surplus of government enterprises
W850RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-21.55
Year-over-Year Change
350.76%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures the current surplus generated by government enterprises, which are public-sector entities that provide goods and services. It is an important indicator of local government finances and efficiency.
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 current surplus of government enterprises represents the net income or profit earned by state and local government-owned businesses, such as utilities, transportation systems, and other commercial-type operations. This data point provides insight into the financial performance and self-sufficiency of these public enterprises.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This metric is closely watched by policymakers and analysts to assess the fiscal health and management of local government operations.
Key Facts
- Government enterprises generate over $300 billion in annual revenue.
- The current surplus has grown by 25% over the past decade.
- Utilities and transportation systems account for the majority of government enterprise activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current surplus or net income generated by state and local government-owned enterprises, such as utilities, transportation systems, and other commercial-type operations.
Q: Why is this trend relevant for users or analysts?
A: The current surplus of government enterprises provides insight into the financial performance and self-sufficiency of these public sector businesses, which is an important indicator of local government finances and efficiency.
Q: How is this data collected or calculated?
A: The data is collected and reported 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 closely watched by policymakers and analysts to assess the fiscal health and management of local government operations and commercial activities.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Local government current receipts: Current surplus of government enterprises (W850RC1A027NBEA), retrieved from FRED.