Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Alabama
Quarterly, Seasonally Adjusted Annual Rate
ALPROBUSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,945.10
Year-over-Year Change
17.96%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' metric measures the annualized growth rate of real gross state product (GSP) across all U.S. states on a quarterly basis.
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
This economic indicator provides insights into the overall health and performance of state-level economies within the United States. Economists and policymakers closely monitor this data to assess regional economic trends and inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Historical Context
This metric is widely used to analyze state-level economic conditions and guide policy responses.
Key Facts
- Measures annualized growth rate of real GSP
- Provides insights into state-level economic performance
- Data collected and calculated by the U.S. Bureau of Economic Analysis
FAQs
Q: What does this economic trend measure?
A: This metric measures the annualized growth rate of real gross state product (GSP) across all U.S. states on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers to assess the overall health and performance of state-level economies within the United States, informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA).
Q: How is this trend used in economic policy?
A: This metric is widely used to analyze state-level economic conditions and guide policy responses at the regional and national levels.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ALPROBUSRQGSP), retrieved from FRED.