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Government consumption expenditures and gross investment: Federal (USD million; nominal) - United States - BEA - Quarterly

Latest updates. In the United States, Federal spending was 1,956 USD billion (annual rate) in 2025-Q2, compared to 1,950 in 2025-Q1. This represents an increase of 0.31 percent.

Sample. This quarterly series has a total of 314 observations. The series covers the period stretching from March 1947 to June 2025.

History. Check out a few simple statistics we calculated on the entire sample: Federal spending hit a peak of 1,956 USD billion (annual rate) in June 2025; it reached its lowest level of 25 in December 1947; it was equal on average to 571.

Latest values

Date Value - US dollars (USD) million
2024-12-31 1949968.0
2025-03-31 1949728.0
2025-06-30 1956417.0

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Series Metadata

Field Value
Description Government consumption expenditures and gross investment: Federal
Country United States
Economic concept Flow
Data type Nominal aggregate
Deflation method Current prices
Seasonally adjusted Yes
Rescaling Annual rate
Frequency Quarterly
Unit US dollars (USD) million
Source Bureau of Economic Analysis (BEA)
Source type National statistical agency
Data licence Open Data
Measure type Level

Series in the same data set

Discover the other time series included in this data set.

GDP

Series Name Observations Start Date End Date
Gross domestic product (GDP) (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30

Main GDP components

Series Name Observations Start Date End Date
Personal consumption expenditures (PCE) (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Gross private domestic investment (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Net exports of goods and services (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Government consumption expenditures and gross investment (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30

PCE components

Series Name Observations Start Date End Date
Personal consumption expenditures (PCE): Goods (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Personal consumption expenditures (PCE): Goods: Durable goods (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Personal consumption expenditures (PCE): Goods: Nondurable goods (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Personal consumption expenditures (PCE): Services (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30

Investment components

Series Name Observations Start Date End Date
Gross private domestic investment: Fixed investment (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Gross private domestic investment: Fixed investment: Nonresidential (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Gross private domestic investment: Fixed investment: Nonresidential: Structures (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Gross private domestic investment: Fixed investment: Nonresidential: Equipment (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Gross private domestic investment: Fixed investment: Nonresidential: Intellectual property products (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Gross private domestic investment: Fixed investment: Residential (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Gross private domestic investment: Change in private inventories (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30

Net exports components

Series Name Observations Start Date End Date
Exports (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Exports: Goods (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Exports: Services (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Imports (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Imports: Goods (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Imports: Services (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30

Government spending components

Series Name Observations Start Date End Date
Government consumption expenditures and gross investment: Federal (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Government consumption expenditures and gross investment: Federal: National defense (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Government consumption expenditures and gross investment: Federal: Nondefense (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30
Government consumption expenditures and gross investment: State and local (USD million; nominal) - United States - BEA - Quarterly 314 1947-03-31 2025-06-30