Contribution to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Gross Investment: Intellectual Property Products: Research and Development
Y073RZ2Q224SBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
N/A%
Date Range
4/1/1947 - 4/1/2025
Summary
This economic trend measures the contribution of state and local government investment in research and development to the overall percent change in real government consumption and investment. It provides insights into public-sector R&D activities.
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: Research and Development trend is a component of the broader government expenditures and investment metric. It reflects the impact of state and local government R&D spending on the overall changes in real government consumption and investment.
Methodology
The data is collected and 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 economists and policymakers to assess the role of public-sector R&D investment in the broader government spending landscape.
Key Facts
- State and local governments account for over 60% of total public-sector R&D investment.
- R&D spending constitutes approximately 10% of total state and local government gross investment.
- The trend has shown modest growth in recent years as governments prioritize technology and innovation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of state and local government investment in research and development (R&D) to the overall percent change in real government consumption and investment.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of public-sector R&D activities in the broader government spending landscape, which is important for economists and policymakers analyzing government investment priorities.
Q: How is this data collected or calculated?
A: The data is collected and 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 economists and policymakers to assess the impact of state and local government R&D investment on the overall changes in real government consumption and investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months.
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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: Research and Development (Y073RZ2Q224SBEA), retrieved from FRED.