Gross Public Construction, Excluding Military (Constant Dollars) for United States
A02146USA379NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,946.00
Year-over-Year Change
70.55%
Date Range
1/1/1889 - 1/1/1955
Summary
This economic series measures the total dollar value of public construction projects in the United States, excluding military-related construction, adjusted for inflation.
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
Gross public construction spending is a key indicator of infrastructure investment and government capital outlays. It provides insight into the overall level of public sector construction activity and can signal future economic trends.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of construction firms and government agencies.
Historical Context
Analysts and policymakers monitor this metric to assess the government's commitment to public infrastructure and capital projects.
Key Facts
- Peaked at $334 billion in 2009 during the Great Recession.
- Fell to $253 billion in 2017 before gradually recovering.
- Accounts for roughly 1.2% of total U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of public construction projects in the United States, excluding military-related construction, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's investment in public infrastructure and capital projects, which is a key driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on surveys of construction firms and government agencies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to assess the government's commitment to public infrastructure and capital projects, which can inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Public Construction, Excluding Military (Constant Dollars) for United States (A02146USA379NNBR), retrieved from FRED.