Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona
AZGOVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.07
Year-over-Year Change
10.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona measures the real output of the government sector in the state. It is a key indicator for economists and policymakers to assess the economic health and productivity of the public sector.
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 index provides a comprehensive measure of the real volume of goods and services produced by the government and government enterprises in Arizona. It is a valuable tool for analyzing the government's contribution to the state's overall economic activity and growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to evaluate the fiscal and economic conditions in Arizona.
Key Facts
- The index is based on 2012 as the reference year.
- Arizona's government sector accounts for about 10% of the state's total GDP.
- The index has shown steady growth in recent years, indicating a expanding public sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output of the government and government enterprises sector in the state of Arizona. It provides a comprehensive gauge of the productivity and economic contribution of the public sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists, policymakers, and market analysts to assess the fiscal health, economic role, and growth of the government sector in Arizona.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This trend is widely used to evaluate the fiscal and economic conditions in Arizona, informing policy decisions related to government spending, taxation, and public sector management.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months. There may be revisions to previous estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona (AZGOVQGSP), retrieved from FRED.