Real Government Consumption Expenditures and Gross Investment

Returns the real (inflation-adjusted) government consumption expenditures and gross investment from FRED. This is a key component of GDP.

Data Source

Data is sourced from the Bureau of Economic Analysis via FRED, reported quarterly.

Notes

  • Includes federal, state, and local government spending
  • Values are in billions of chained dollars
  • No parameters required

Examples

=RealGovtExpenditure()
Current government expenditure

When to Use

  • GDP component analysis
  • Fiscal policy research
  • Government spending trends
  • Economic impact analysis

When NOT to Use

Scenario Use Instead
Private investment RealPrivateInvestment()
Total GDP RealGDP()
Consumer spending RealPersonalConsumptionExpenditure()

Common Issues & FAQ

Q: Does this include defense spending? A: Yes, it includes all federal, state, and local government expenditures.

Q: What's the difference from fiscal deficit? A: This measures spending only, not the difference between spending and revenue.

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