GDP & growth · GCEC1
Real government spending (GDP)
As of Q2 2026, the real government spending (GDP) had risen 0.1% from a year earlier, compared with a 12-month change of 0.7% in Q1 2026. The latest value was $4.09T.
Source: U.S. Bureau of Economic Analysis via FRED®. Quarterly data, seasonally adjusted. Latest observation Q2 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.
Latest (Q2 2026)
$4.09T
Change from Q1 2026
-0.0%
A year earlier
$4.08T
12-month change
+0.1%
$4.09T Q2 2026 · Billions of chained 2017 dollars
Billions of chained 2017 dollars. Data from Q1 1947 to Q2 2026 (318 observations).
What it measures
This is federal, state and local government spending on goods, services and investment, adjusted for inflation. It does not include transfer payments such as Social Security.
- Official title
- Real Government Consumption Expenditures and Gross Investment
- Units
- Billions of chained 2017 dollars
- Frequency and adjustment
- Quarterly, seasonally adjusted
- Original source
- U.S. Bureau of Economic Analysis
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| Date | Value | Change | From a year ago |
|---|---|---|---|
| Q2 2026 | $4.09T | -0.0% | +0.1% |
| Q1 2026 | $4.09T | +1.2% | +0.7% |
| Q4 2025 | $4.04T | -1.4% | -0.6% |
| Q3 2025 | $4.10T | +0.4% | +1.7% |
| Q2 2025 | $4.08T | +0.6% | +2.6% |
| Q1 2025 | $4.06T | -0.2% | +2.9% |
| Q4 2024 | $4.07T | +0.9% | +4.0% |
| Q3 2024 | $4.03T | +1.3% | +4.4% |
| Q2 2024 | $3.98T | +0.9% | +4.6% |
| Q1 2024 | $3.95T | +0.9% | +4.9% |
| Q4 2023 | $3.91T | +1.3% | +5.5% |
| Q3 2023 | $3.86T | +1.5% | +5.4% |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Bureau of Economic Analysis, Real Government Consumption Expenditures and Gross Investment [GCEC1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GCEC1, Oct 27, 2026.
- View GCEC1 on FRED® · U.S. Bureau of Economic Analysis
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