Contributions to Percent Change in National Defense Consumption Expenditures and Gross Investment: Gross investment: Intellectual property products: Software
Y053RN2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
280.00%
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 the intellectual property products category of software. It provides insights into defense-related investments in technology and innovation.
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: Software trend tracks the growth or decline in software investments made as part of national defense spending. This metric is used by economists and policymakers to understand the technological and innovative focus of defense budgets.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for analyzing defense spending priorities and the government's commitment to technological advancement.
Key Facts
- Defense spending on software has increased over time.
- Software investments are a significant component of national defense gross investment.
- Trends in software spending reflect the technological priorities of the defense sector.
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 the intellectual property products category of software.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the government's focus on technology and innovation within the defense sector, 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.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the technological and innovative focus of defense budgets and the government's commitment to technological advancement.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions by the U.S. Bureau of Economic Analysis.
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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: Software (Y053RN2A224NBEA), retrieved from FRED.