FDEFXFederal Government: National Defense Consumption Expenditures and Gross Investment — Current Value & Historical Data
Gray bands: NBER recessions·Dashed lines: key policy events
What is Federal Government: National Defense Consumption Expenditures and Gross Investment?
BEA Account Code: A824RC A Guide to the National Income and Product Accounts of the United States (NIPA) -.
Current Federal Government: National Defense Consumption Expenditures and Gross Investment Value
As of January 1, 2026, the current federal government: national defense consumption expenditures and gross investment is 1170.60 Billions of Dollars. This is the most recent observation available for this series, updated quarterly.
Historical Trend
Federal Government: National Defense Consumption Expenditures and Gross Investment rose 0.98% quarter-over-quarter. Over the past year, federal government: national defense consumption expenditures and gross investment rose 4.83% from January 2025. In the series' tracked history, the highest recorded value was 1170.60 (January 2026), and the lowest was 19.98 (July 1947).
Methodology & Source
Source: Federal Reserve Economic Data (FRED)
Frequency: Quarterly
Units: Billions of Dollars
BEA Account Code: A824RC A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)...