Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Gross Investment: Intellectual Property Products: Research and Development
Y057RZ2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-214.29%
Date Range
1/1/1930 - 1/1/2024
Summary
This economic trend measures the contribution of research and development (R&D) to changes in real government consumption and investment. It provides insights into the role of intellectual property in public sector economic activity.
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: Research and Development series tracks the impact of R&D on overall public sector spending and investment. This metric helps analysts assess the government's commitment to innovation and technological advancement.
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 market analysts to evaluate the government's fiscal priorities and the role of public R&D in the broader economy.
Key Facts
- R&D accounts for a significant portion of government investment.
- The trend has shown steady growth over the past decade.
- Public R&D spending supports innovation and technological progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of research and development (R&D) to changes in real government consumption and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric helps analysts assess the government's commitment to innovation and technological advancement through its fiscal priorities.
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: This trend is used by policymakers, economists, and market analysts to evaluate the government's fiscal priorities and the role of public R&D in the broader economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis with minimal delays.
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Citation
U.S. Federal Reserve, Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: Gross Investment: Intellectual Property Products: Research and Development (Y057RZ2A224NBEA), retrieved from FRED.