Gross Public Construction, Excluding Military for United States
A02151USA398NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,122.00
Year-over-Year Change
194.86%
Date Range
1/1/1889 - 1/1/1955
Summary
The Gross Public Construction, Excluding Military for United States is a key economic indicator that tracks investment in public infrastructure projects. It is closely monitored by economists and policymakers to assess the government's commitment to building and maintaining public assets.
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
This series measures the value of new construction put in place for public projects, excluding military facilities, in the United States. It reflects the government's investment in public infrastructure like roads, bridges, schools, and other civic structures, which can have important implications for economic growth and productivity.
Methodology
The data is collected by the U.S. Census Bureau through surveys of construction projects.
Historical Context
Trends in public construction are used to evaluate fiscal policy and gauge government spending priorities.
Key Facts
- Public construction accounts for about 10% of total construction spending in the U.S.
- Infrastructure investment can boost economic productivity and competitiveness
- The U.S. ranked 13th globally in quality of overall infrastructure in 2019
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of new construction put in place for public projects, excluding military facilities, in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in public construction investment are closely monitored by economists and policymakers as they can have important implications for economic growth, productivity, and the government's infrastructure priorities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of construction projects.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to evaluate fiscal policy and gauge the government's commitment to investing in public infrastructure, which can drive economic competitiveness and productivity.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau with a typical 1-2 month lag, 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 for United States (A02151USA398NNBR), retrieved from FRED.