Nominal General Government Final Consumption Expenditure for Argentina
Annual, Not Seasonally Adjusted
NCGGXDCARA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87,100,429.00
Year-over-Year Change
19736.47%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures U.S. net government capital formation. It is a key indicator of public investment and can inform fiscal policy decisions.
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
This annual, non-seasonally adjusted series represents the change in the value of the government's fixed assets like infrastructure, equipment, and intellectual property products. It is an important measure of public investment and can signal the government's role in capital formation.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts.
Historical Context
Policymakers and analysts use this metric to evaluate the government's contribution to the nation's capital stock and economic growth.
Key Facts
- Annual government capital formation averaged $84 billion from 2010-2020.
- Public investment as a share of GDP has declined from 3.7% in 1980 to 1.9% in 2020.
- The series has exhibited volatility, with annual changes ranging from -9% to +13% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the annual change in the value of the government's fixed assets and investments, which is a key indicator of public capital formation.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the government's role in building the nation's capital stock and supporting long-term economic growth.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis compiles this data based on national accounts and government financial statements.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to assess the government's fiscal stance and investment priorities, which can inform decisions around infrastructure, R&D, and other public capital projects.
Q: Are there update delays or limitations?
A: This annual series is released with a lag of several months, and does not account for seasonal variations in government spending.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCGGXDCARA), retrieved from FRED.