Real General Government Final Consumption Expenditure, Individual for Russia
Quarterly
NCGGIRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,672,377.40
Year-over-Year Change
7.48%
Date Range
1/1/2011 - 10/1/2021
Summary
The Quarterly Gross Government Investment, Real, Seasonally Adjusted measures the real-dollar value of government spending on new infrastructure, equipment, and other capital investments. It is a key indicator of fiscal policy and economic growth.
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 Gross Government Investment, Real, Seasonally Adjusted tracks the total real-dollar expenditures by federal, state, and local governments on new physical assets such as roads, bridges, buildings, and equipment. It is a vital metric for assessing the government's role in driving economic activity and expansion.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government spending records.
Historical Context
This metric is closely monitored by policymakers, investors, and economists to gauge the fiscal policy stance and its potential impact on GDP growth.
Key Facts
- Government investment accounts for over 3% of U.S. GDP.
- Public infrastructure projects have a fiscal multiplier of around 1.5.
- Real government investment declined sharply during the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real-dollar value of government spending on new infrastructure, equipment, and other capital investments at the federal, state, and local levels.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing the government's fiscal policy stance and its potential impact on overall economic growth and activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on government spending records.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor this metric to gauge the government's role in driving economic expansion through infrastructure and capital investment.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately one month, and it may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Gross Government Investment, Real, Seasonally Adjusted (NCGGIRNSAXDCRUQ), retrieved from FRED.