Source:
U.S. Bureau of Economic Analysis
Release:
Gross Domestic Product by Industry
Units:
Percentage Points, Seasonally Adjusted Annual Rate
Frequency:
Quarterly
Notes:
According to the source, value added represents the sum of the costs-incurred and the incomes-earned in production, and consists of compensation of employees, taxes on production and imports, less subsidies, and gross operating surplus.
Suggested Citation:
U.S. Bureau of Economic Analysis,
Contributions to Percent Change in Real GDP by Government: State and Local [CPGDPSL],
retrieved from FRED,
Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/CPGDPSL,
March 6, 2021.