Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Equipment
Y070RZ2Q224SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
2600.00%
Date Range
4/1/1947 - 4/1/2025
Summary
This economic trend measures the contribution of state and local government equipment investment to the overall change in real government consumption and investment. It provides insights into public sector capital spending.
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 series tracks the impact of state and local government spending on equipment on total real government spending. This metric is used by economists and policymakers to analyze public sector investment patterns.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is relevant for understanding government fiscal policy and public investment dynamics.
Key Facts
- Equipment is a key component of state and local government investment.
- This metric helps track the public sector's contribution to overall economic growth.
- Trends in this data can signal changes in government priorities and fiscal policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of state and local government spending on equipment to the overall change in real government consumption and investment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into public sector capital spending patterns, which is important for understanding government fiscal policy and its impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze government investment priorities and assess the public sector's contribution to overall economic growth.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with some potential for revision to prior periods.
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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 (Y070RZ2Q224SBEA), retrieved from FRED.