Real Government Consumption Expenditures and Gross Investment: State and Local: Net Health: Sales to other sectors
Y651RX1A020NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
294.06
Year-over-Year Change
46.75%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures real government spending on health-related purchases by state and local authorities, excluding sales to other government sectors. It serves as an indicator of public health expenditures and their impact on the broader 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 Real Government Consumption Expenditures and Gross Investment: State and Local: Net Health: Sales to other sectors series tracks the inflation-adjusted value of state and local government purchases of health-related goods and services, excluding internal government-to-government transactions. This metric provides insight into the public sector's health spending patterns and its contribution to overall economic activity.
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 closely monitored by policymakers, economists, and market analysts to assess the government's role in healthcare financing and its implications for the broader economy.
Key Facts
- State and local governments account for over a third of total U.S. healthcare expenditures.
- This trend has shown steady growth over the past decade, reflecting the rising costs of public healthcare.
- Fluctuations in this metric can signal changes in the government's role in healthcare financing and delivery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value of state and local government purchases of health-related goods and services, excluding internal government-to-government transactions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the public sector's role in healthcare financing and its contribution to overall economic activity, which is of key interest to policymakers, economists, and market analysts.
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: Policymakers and analysts use this trend to assess the government's role in healthcare financing and its implications for the broader economy, which can inform policy decisions related to public health spending and healthcare reform.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with some potential for minor revisions over time. There may be lags in the availability of the most recent data points.
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Citation
U.S. Federal Reserve, Real Government Consumption Expenditures and Gross Investment: State and Local: Net Health: Sales to other sectors (Y651RX1A020NBEA), retrieved from FRED.