Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Wisconsin
Quarterly, Seasonally Adjusted
WIGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.83
Year-over-Year Change
8.78%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the gross domestic product (GDP) of the U.S. government, a key indicator of the size and performance of the public sector.
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 series tracks the value of all goods and services produced by federal, state, and local governments in the United States on a quarterly basis. It is an important metric for analyzing the role and impact of the public sector in the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on detailed government expenditure records.
Historical Context
Policymakers and economists closely monitor government GDP to assess fiscal policy, understand economic trends, and inform budgetary decisions.
Key Facts
- Government GDP accounts for approximately 17% of total U.S. GDP.
- The government GDP series dates back to 1947.
- Federal government spending makes up the largest portion of government GDP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total value of goods and services produced by federal, state, and local governments in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Government GDP is a crucial indicator for understanding the size and role of the public sector within the broader economy, informing fiscal policy and budgetary decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on detailed government expenditure records.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor government GDP to assess fiscal policy, understand economic trends, and inform budgetary decisions at the federal, state, and local levels.
Q: Are there update delays or limitations?
A: The government GDP data is released on a quarterly basis, with a typical delay of 1-2 months following the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (WIGOVQQGSP), retrieved from FRED.