Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Net Health: Gross expenditures
Y650RZ2A224NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
-514.29%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend measures the contribution of state and local government net health expenditures to the overall percent change in real government consumption and investment. It provides insights into the role of public health spending in the economy.
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 Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Net Health: Gross expenditures series tracks changes in state and local government spending on public health services and programs. This metric helps policymakers and analysts understand the impact of government health outlays on the broader economic growth.
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 fiscal health of state and local governments and the role of public spending in economic performance.
Key Facts
- State and local governments account for over a third of total government spending in the U.S.
- Public health expenditures make up around 10% of state and local government budgets.
- Changes in public health spending can significantly impact economic growth and performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of state and local government net health expenditures 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 role of public health spending in the economy, which is crucial for policymakers and economists assessing fiscal health and economic performance.
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 fiscal health of state and local governments and the role of public spending in economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the regular update schedule and potential revisions of the National Income and Product Accounts.
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Citation
U.S. Federal Reserve, Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment: State and Local: Net Health: Gross expenditures (Y650RZ2A224NBEA), retrieved from FRED.