Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Gross investment: Intellectual property products
Y052RN2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
-400.00%
Date Range
1/1/1973 - 1/1/2024
Summary
This economic trend measures the contributions to percent change in national defense consumption expenditures and gross investment specifically in intellectual property products. It provides insights into defense-related investments in research and development, software, and other intangible assets.
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 Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Gross investment: Intellectual property products series tracks changes in the intellectual property component of total defense-related gross investment. This metric is used by economists and policymakers to analyze trends in the government's investments in innovation and technological advancement for national security purposes.
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 assessing the government's priorities and strategic focus areas within national defense spending.
Key Facts
- Defense intellectual property investment has grown steadily over the past decade.
- Investments in software and R&D make up the largest components of this metric.
- Trends in this data can signal shifts in the government's technological priorities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contributions to percent change in national defense consumption expenditures and gross investment specifically in intellectual property products, such as research and development, software, and other intangible assets.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the government's investments in innovation and technological advancement for national security purposes, which is relevant for economists and policymakers analyzing defense spending priorities.
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 economic indicator is relevant for assessing the government's priorities and strategic focus areas within national defense spending.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with potential delays due to the comprehensive nature of the National Income and Product Accounts.
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Citation
U.S. Federal Reserve, Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Gross investment: Intellectual property products (Y052RN2A224NBEA), retrieved from FRED.