Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Equipment
Y070RZ2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
400.00%
Date Range
1/1/1930 - 1/1/2024
Summary
This economic trend measures the contribution of state and local government equipment investment to the overall percent change in real government consumption and investment. It provides insights into the role of public capital expenditures in economic growth.
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: State and Local: Gross Investment: Equipment metric tracks how changes in state and local government spending on equipment, such as machinery and vehicles, impact the broader measure of real government consumption and investment. This data point is used by economists and policymakers to analyze the composition and drivers of public sector activity.
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 relevant for assessing the fiscal policies and investment priorities of state and local governments.
Key Facts
- Equipment investment accounts for around 20% of total state and local government spending.
- This metric has shown steady growth over the past decade, reflecting increased infrastructure investment.
- Policymakers monitor this trend to gauge the fiscal health and priorities of subnational governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of state and local government spending on equipment, such as machinery and vehicles, to the overall percent change in real government consumption and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the fiscal policies and investment priorities of state and local governments, which are important for understanding the broader role of the public sector in economic growth.
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 and analysts use this trend to assess the fiscal health and investment priorities of state and local governments, which can inform decisions about fiscal policy, infrastructure spending, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two to three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Equipment (Y070RZ2A224NBEA), retrieved from FRED.