Defense Department Obligations, Total for United States
M15029USM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,816.00
Year-over-Year Change
-3.56%
Date Range
7/1/1953 - 2/1/1969
Summary
This economic indicator tracks total defense obligations by the U.S. Department of Defense. It provides important insights into government defense spending and military budgetary trends.
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 Defense Department Obligations, Total metric measures the total dollar value of all financial obligations incurred by the U.S. Department of Defense. This data is used by economists and policymakers to analyze defense spending patterns and the role of the military in the broader economy.
Methodology
The data is collected through the U.S. Treasury's monthly reports on federal government finances.
Historical Context
This metric is closely watched for its implications on national security, geopolitics, and the federal budget.
Key Facts
- Defense obligations totaled $577 billion in 2021.
- Obligations have increased by 31% over the past decade.
- Defense spending accounts for about 15% of the federal budget.
FAQs
Q: What does this economic trend measure?
A: The Defense Department Obligations, Total metric tracks the total dollar value of all financial obligations incurred by the U.S. Department of Defense.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into government defense spending and military budgetary trends, which are closely watched for their implications on national security, geopolitics, and the federal budget.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Treasury's monthly reports on federal government finances.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze defense spending patterns and the role of the military in the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Defense Department Obligations, Total for United States (M15029USM144NNBR), retrieved from FRED.