Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Intellectual Property Products: Software
Y072RZ2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
200.00%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic indicator measures the contribution of state and local government investment in software to the overall percent change in real government consumption and investment. It provides insights into public sector technology spending and infrastructure.
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: Intellectual Property Products: Software series tracks the impact of state and local government software investments on the broader government spending trends. This metric is useful for analyzing public sector technology adoption and priorities.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Policymakers and economists use this metric to understand the role of public sector software investment in the broader government spending landscape.
Key Facts
- Software accounts for a significant portion of state and local government intellectual property investment.
- Trends in this metric can signal changes in public sector technology priorities.
- The data is released quarterly as part of the National Income and Product Accounts.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the contribution of state and local government investment in software 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 insight into public sector technology spending and priorities, which is useful for policymakers and economists analyzing government fiscal trends.
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 economists use this metric to understand the role of public sector software investment in the broader government spending landscape.
Q: Are there update delays or limitations?
A: The data is released quarterly with the National Income and Product Accounts, so there may be a short delay in availability.
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Citation
U.S. Bureau of Economic Analysis, Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Intellectual Property Products: Software (Y072RZ2A224NBEA), retrieved from FRED.