Real Gross Domestic Product: Educational Services (61) in Alabama
Annual, Not Seasonally Adjusted
ALEDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,292.30
Year-over-Year Change
-5.87%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted value of gross state product (GSP) for the U.S. economy. It provides insight into the overall size and performance of the national economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Gross state product (GSP) is the value of all goods and services produced within a state's economy. The annual, not seasonally adjusted ALEDCATRGSP series offers a comprehensive view of economic output across the United States without the fluctuations of seasonal factors.
Methodology
The data is calculated based on state-level economic indicators and surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely watched by policymakers, economists, and investors to gauge the health and trajectory of the national economy.
Key Facts
- Measures the total value of goods and services produced across all US states.
- Provides a comprehensive view of the national economy without seasonal adjustments.
- Published annually by the Bureau of Economic Analysis
FAQs
Q: What does this economic trend measure?
A: The ALEDCATRGSP series measures the annual, not seasonally adjusted value of gross state product (GSP) for the entire United States economy.
Q: Why is this trend relevant for users or analysts?
A: This trend offers a comprehensive view of the size and performance of the national economy, which is crucial information for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on state-level economic indicators and surveys.
Q: How is this trend used in economic policy?
A: Policymakers, central banks, and other institutions closely monitor this trend to assess the health and trajectory of the overall U.S. economy.
Q: Are there update delays or limitations?
A: The ALEDCATRGSP series is published annually, so there may be a delay in the most recent data being available.
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90% Confidence Interval Lower Bound of Estimate of People of All Ages in Poverty for Alabama
PECILBAAAL01000A647NCEN
Estimated Percent of People Age 0-17 in Poverty for Alabama
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Real Per Capita Personal Income for Alabama
ALRPIPC
Citation
U.S. Bureau of Economic Analysis, Annual, Not Seasonally Adjusted (ALEDCATRGSP), retrieved from FRED.