All Sectors; Other Current Transfers Received (IMA), Transactions
ASOCTRQ027S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,389,390.00
Year-over-Year Change
8.36%
Date Range
10/1/1946 - 1/1/2025
Summary
This economic trend measures the value of 'other current transfers received' by all sectors in the United States, a key indicator of the flow of income and government support 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
Other current transfers represent payments made without a direct exchange of goods or services, such as government benefits, worker's compensation, and charitable donations. This data provides insights into the distribution of income and social welfare programs.
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
Policymakers and economists use this metric to assess the state of the social safety net and analyze household finances.
Key Facts
- Other current transfers were $3.4 trillion in 2021.
- Transfers have grown by over 50% since 2007.
- Government social benefits make up the largest share of other current transfers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of 'other current transfers received' by all sectors in the U.S. economy, which includes government benefits, worker's compensation, and charitable donations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the distribution of income and the strength of the social safety net, making it important for policymakers and economists to assess household finances and the overall state of the economy.
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 economists use this metric to analyze the effectiveness and coverage of government transfer programs, as well as the overall financial well-being of households.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, All Sectors; Other Current Transfers Received (IMA), Transactions (ASOCTRQ027S), retrieved from FRED.