Definition: Government consumption spending represents about 15% of GDP. It covers spending on goods and services (defense, judicial system, education, etc); it therefore excludes the components of government spending that are transfers (such as social security, unemployment benefits, etc.). Government consumption is much less than private consumption that represents about 60% of GDP.
Related Indicators: Private Consumption
Source: Department of Commerce, Bureau of Economic Analysis,. NIPA dataset.
Frequency: Quarterly, revised monthly. The consumption for a given quarter is released together with the GDP figures in the first month following a quarter as the "advance estimate". The "preliminary estimate" is published in the second month, followed by the "revised" estimate in the third month.
Availability: Three to four weeks
following the reported quarter
Direction: Counter-cyclical as it tends to increase during recessions
Likely Impact on Financial Markets:
Graphs of the latest consumption and savings data from The Economic Statistics Briefing Room of the White House
The latest GDP report from BEA includes an analysis of the government consumption trends in the latest quarter
See the Dismal Scientist Homepage for charts, tables and analysis of the latest report.
You can see government consumption charts with the Economic Chart Dispenser
You can create customized government consumption charts with the Economic
Chart Maker Tip: type "GOVERNMENT CONSUMPTION" in the Label section
of the form and choose the transformation of the data you are interested
An analysis of the 1997-Q-3 GDP report from First Union
of the 1997-Q3 GDP report from Morgan Stanley's Stephen Roach
An Analysis of the 1997-Q2 GDP report from Morgan Stanley's Stephen Roach