Local government expenditures: Net purchases of nonproduced assets
W868RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.68
Year-over-Year Change
34.00%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures local government spending on the acquisition of existing assets, such as land and natural resources, rather than the production of new assets. It provides insight into how local governments allocate resources and shape their communities.
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 expenditures: Net purchases of nonproduced assets' metric tracks the net change in local government acquisition of existing assets that are not the result of production processes, such as land and mineral resources. This data point is useful for understanding the priorities and financial decisions of local 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 trend is relevant for policymakers, urban planners, and economists analyzing the drivers of local government spending and investment.
Key Facts
- Local governments spent $27.1 billion on net purchases of nonproduced assets in 2021.
- Net purchases of nonproduced assets account for around 2% of total local government expenditures.
- Trends in this metric can signal changes in local land use, development priorities, and resource management.
FAQs
Q: What does this economic trend measure?
A: This trend measures local government spending on the acquisition of existing assets, such as land and natural resources, rather than the production of new assets.
Q: Why is this trend relevant for users or analysts?
A: Tracking local government spending on nonproduced assets provides insights into the priorities and investment decisions of local governments, which is useful for policymakers, urban planners, and economists.
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 trend is relevant for understanding local government investment patterns, which can inform urban planning, land use policies, and resource management decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Local government expenditures: Net purchases of nonproduced assets (W868RC1A027NBEA), retrieved from FRED.