Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Maine
Quarterly, Seasonally Adjusted
MEGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.25
Year-over-Year Change
6.83%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the real gross output of the U.S. government sector on a quarterly basis. This metric is a key indicator of the overall health and activity of the public sector.
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
Real government gross output is a comprehensive measure of the goods and services produced by federal, state, and local government agencies. It is used by policymakers and economists to analyze the government's contribution to the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and administrative records.
Historical Context
Changes in government output are closely monitored for their implications on fiscal policy, economic growth, and public service delivery.
Key Facts
- Quarterly data available since 1947.
- Measures output in real (inflation-adjusted) terms.
- Government output accounts for ~17% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the real gross output of the U.S. government sector, including federal, state, and local agencies.
Q: Why is this trend relevant for users or analysts?
A: Government output is a key indicator of the public sector's contribution to the overall economy and is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Changes in government output are analyzed for their implications on fiscal policy, economic growth, and public service delivery.
Q: Are there update delays or limitations?
A: Quarterly data is available with a delay of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MEGOVQQGSP), retrieved from FRED.