Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Montana
Quarterly, Seasonally Adjusted
MTGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.40
Year-over-Year Change
4.55%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the total value of goods and services produced by the U.S. government on a quarterly basis, adjusted for seasonal variations. This metric is a key indicator of the overall health and activity of the public sector within the broader 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
The Quarterly, Seasonally Adjusted series represents the real gross domestic product (GDP) of the U.S. government, which includes federal, state, and local government spending and investment. This data provides insights into the scale and role of the public sector in driving economic growth and development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Government GDP data is closely monitored by policymakers, economists, and market analysts to assess the fiscal position and economic impact of the public sector.
Key Facts
- The U.S. government accounted for approximately 17% of total GDP in 2021.
- Government GDP grew by 2.6% in Q4 2022 compared to the previous quarter.
- State and local government spending makes up over 60% of total government GDP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total real GDP of the U.S. federal, state, and local governments on a quarterly basis, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Government GDP data provides important insights into the size, growth, and economic impact of the public sector, which is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Government GDP data informs fiscal policy decisions, budget planning, and assessments of the public sector's contribution to overall economic growth and stability.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted series is published by the Federal Reserve with a lag of approximately 3 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (MTGOVQQGSP), retrieved from FRED.