Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Gross Investment: Intellectual Property Products: Software
Y056RZ2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
157.14%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the contribution of software investment to the percent change in real government consumption expenditures and gross investment. It is a key indicator of public sector technology investment and productivity.
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 Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Gross Investment: Intellectual Property Products: Software metric tracks how software investment impacts overall government spending and investment. This data provides insight into the role of technological innovation in the public sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is used by policymakers, economists, and analysts to assess government investment strategies and the role of technology in the public sphere.
Key Facts
- Software is a key component of government intellectual property investment.
- This metric tracks the contribution of software to overall changes in real government spending.
- Monitoring software investment is crucial for understanding public sector productivity and innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of software investment to the percent change in real government consumption expenditures and gross investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of technology and innovation in the public sector, which is crucial for policymakers and economists assessing government investment strategies.
Q: How is this data collected or calculated?
A: The data is 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: Policymakers, economists, and analysts use this trend to assess government investment in technology and its impact on overall public sector spending and productivity.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Bureau of Economic Analysis, with some potential for minor revision over time.
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Citation
U.S. Bureau of Economic Analysis, Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Gross Investment: Intellectual Property Products: Software (Y056RZ2A224NBEA), retrieved from FRED.