Gross Domestic Product: Government and Government Enterprises (92) in Hawaii
Annual, Not Seasonally Adjusted
HIGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,552.70
Year-over-Year Change
40.03%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures government net saving as a percentage of gross domestic product (GDP) in the United States. This metric is a key indicator of the fiscal health and policy stance of the federal government.
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
Government net saving represents the difference between government revenues and expenditures, expressed as a share of the total value of economic output. It provides insights into the government's budgetary position and its impact on the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Policymakers monitor this trend to assess the sustainability of fiscal policy and its macroeconomic implications.
Key Facts
- Government net saving averaged -3.7% of GDP from 2010-2019.
- The trend reached a low of -12.5% of GDP in 2009 during the Great Recession.
- Positive net saving indicates a budget surplus, while negative values indicate a deficit.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures government net saving as a percentage of gross domestic product (GDP) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the government's budgetary position and its impact on the broader economy, which is essential for policymakers and analysts to assess the sustainability of fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess the sustainability of fiscal policy and its macroeconomic implications, informing decisions on government spending, taxation, and debt management.
Q: Are there update delays or limitations?
A: The data is released annually by the Bureau of Economic Analysis, with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (HIGOVNGSP), retrieved from FRED.