Gross Domestic Product: Government and Government Enterprises (92) in Wisconsin
Annual, Not Seasonally Adjusted
WIGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,028.80
Year-over-Year Change
39.47%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the percent change in state and local government gross investment, providing insight into public sector capital formation.
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
This economic indicator tracks the annual change in government investment in structures, equipment, and intellectual property products at the state and local level. It is an important measure of public sector activity and infrastructure development.
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
Policymakers and analysts use this metric to assess trends in public sector capital expenditures and investment.
Key Facts
- Government investment accounts for approximately 10-15% of total U.S. GDP.
- State and local governments fund over 75% of public infrastructure projects.
- Public investment has declined as a share of GDP over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This metric measures the annual percent change in state and local government gross investment, including spending on structures, equipment, and intellectual property products.
Q: Why is this trend relevant for users or analysts?
A: Government investment is an important component of overall economic activity and an indicator of public sector priorities. This data helps policymakers and analysts assess capital formation and infrastructure 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: Economists and policymakers monitor this metric to understand trends in public sector capital expenditures and investment, which can inform fiscal and infrastructure policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 2-3 months. There may be revisions to prior period estimates as more complete information becomes available.
Related Trends
Industrial Carbon Dioxide Emissions, Residual Fuel for Wisconsin
EMISSCO2VRFICBWIA
Personal Consumption Expenditures: Services for Wisconsin
WIPCESRV
Poverty Universe, Age 0-4 for Wisconsin
PUA0T4WI55000A647NCEN
Gross Domestic Product: Social Assistance (624) in Wisconsin
WISOCASSNGSP
Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Wisconsin
WIOTHSERVERGSP
Gross Domestic Product: Transportation and Warehousing (48-49) in Wisconsin
WITRANSWARENGSP
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIGOVNGSP), retrieved from FRED.