Nominal General Government Final Consumption Expenditure for United States
NCGGSAXDCUSQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,007,740.50
Year-over-Year Change
16.04%
Date Range
1/1/1950 - 1/1/2025
Summary
This economic trend measures the nominal general government final consumption expenditure for the United States, which is a key indicator of fiscal policy and public sector activity.
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
General government final consumption expenditure includes all expenditure (including imputed expenditure) of general government on both individual consumption goods and services and collective consumption services. This metric is widely used by economists and policymakers to assess the role of the public sector in the economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely monitored by fiscal and economic analysts to gauge government spending and its impact on the broader economy.
Key Facts
- The U.S. government spent $3.39 trillion on final consumption in 2021.
- Government consumption accounted for 17.1% of U.S. GDP in 2021.
- Real government consumption grew by 2.6% in 2021 after declining in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the nominal value of general government final consumption expenditure in the United States, which includes all spending by federal, state, and local governments on individual and collective goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of fiscal policy and the role of the public sector in the economy. It is closely monitored by economists, policymakers, and market analysts to assess government spending and its impact on economic growth and performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the stance of fiscal policy, the government's role in the economy, and the potential impacts of changes in government spending on broader economic performance and indicators.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately 3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Nominal General Government Final Consumption Expenditure for United States (NCGGSAXDCUSQ), retrieved from FRED.