Defense Department Obligations, Procurements for United States
M15030USM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,567.00
Year-over-Year Change
-15.98%
Date Range
7/1/1953 - 2/1/1969
Summary
This series tracks the value of defense procurement obligations by the U.S. Department of Defense. It is an important indicator of government spending on military equipment and supplies.
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, Procurements for United States metric measures the total value of contracts and orders placed by the U.S. Department of Defense for military goods and services. It is a key indicator of defense industry activity and government investment in national security.
Methodology
The data is collected and reported by the U.S. Department of Defense.
Historical Context
This metric is closely watched by economists, policymakers, and investors to gauge trends in government defense spending.
Key Facts
- Procurement obligations peaked at over $700 billion in 2008.
- Defense spending accounts for approximately 15% of the total U.S. federal budget.
- The U.S. is the world's largest military spender, accounting for about 38% of global defense expenditures.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of contracts and orders placed by the U.S. Department of Defense for military goods and services, such as weapons, vehicles, and other equipment.
Q: Why is this trend relevant for users or analysts?
A: Defense procurement is a key indicator of government investment in national security and a major driver of activity in the defense industry. Monitoring this trend can provide insights into military readiness, budget priorities, and economic impacts.
Q: How is this data collected or calculated?
A: The data is collected and reported directly by the U.S. Department of Defense.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely track defense procurement as it reflects government spending priorities and can have significant macroeconomic implications, particularly for industries and regions reliant on defense contracts.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag. There may also be revisions to historical data as the Department of Defense updates its records.
Related Trends
Defense Department, Military Prime Contract Awards to U.S. Business Firms for United States
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Postal Receipts for United States
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Government Purchasing of Goods and Services, Total for United States
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Total Federal Budget Surplus or Deficit for the United States
M1525AUSM144NNBR
Defense Department, Military Prime Contract Awards to U.S. Business Firms and Institutions for United States
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Net Interest-Bearing Federal Debt for United States
M1507BUSM027NNBR
Citation
U.S. Federal Reserve, Defense Department Obligations, Procurements for United States (M15030USM144NNBR), retrieved from FRED.