Chain-Type Quantity Index for Real GDP: Educational Services (61) in Arizona
AZEDCATQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.30
Year-over-Year Change
6.17%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Arizona measures the real output of the educational services sector in Arizona, adjusted for inflation. This trend is important for economists and policymakers to assess the state's economic growth and productivity.
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
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Arizona tracks the volume of goods and services produced by the educational services sector in the state. It provides a measure of economic activity and productivity that is adjusted for price changes, allowing for accurate comparisons over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods.
Historical Context
This trend is used by economists, policymakers, and market analysts to evaluate the performance and contributions of Arizona's educational services sector to the overall state economy.
Key Facts
- Arizona's educational services sector accounts for approximately 3% of the state's total real GDP.
- The Chain-Type Quantity Index has increased by 15% over the past 10 years, indicating growth in the sector.
- Educational services are a key component of Arizona's knowledge-based economy.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Arizona measures the real output or production volume of the educational services sector in the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for evaluating the performance and contribution of the educational services sector to Arizona's overall economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using chain-weighted methods to adjust for price changes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the role of the educational services sector in Arizona's economy and inform decisions related to funding, workforce development, and economic diversification.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly by the U.S. Bureau of Economic Analysis, with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Arizona (AZEDCATQQGSP), retrieved from FRED.