Real General Government Final Consumption Expenditure for Australia
Annual, Not Seasonally Adjusted
NCGGRXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
581,336.00
Year-over-Year Change
64.57%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted value of U.S. government gross debt. It is a key indicator of the federal government's fiscal position and debt burden.
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 annual, not seasonally adjusted government gross debt represents the total outstanding debt owed by the U.S. federal government. This broad metric is closely watched by economists, policymakers, and market analysts to assess the government's fiscal health and ability to service its debt obligations.
Methodology
The data is compiled by the U.S. Federal Reserve from government budget and accounting records.
Historical Context
This debt indicator is used to inform fiscal and monetary policy decisions.
Key Facts
- U.S. government gross debt reached a record high in 2021.
- Debt growth has outpaced GDP in recent years.
- High debt levels can constrain fiscal policy options.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted value of total outstanding debt owed by the U.S. federal government.
Q: Why is this trend relevant for users or analysts?
A: This broad debt metric is closely watched as it indicates the government's fiscal health and ability to service its debt obligations.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve from government budget and accounting records.
Q: How is this trend used in economic policy?
A: This debt indicator is used to inform fiscal and monetary policy decisions by policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal lags, providing timely insights into the government's debt position.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCGGRXDCAUA), retrieved from FRED.