Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona
AZGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.22
Year-over-Year Change
5.98%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona measures the inflation-adjusted output of the government sector in the state's economy. It is a key indicator for policymakers and analysts to assess public sector productivity and fiscal trends.
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-adjusted GDP generated by government entities in Arizona, including federal, state, and local agencies. It allows for analysis of the changing size and economic contribution of the public sector over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to account for changes in the relative prices of government goods and services.
Historical Context
Trends in this index are closely monitored by economic and fiscal policymakers to gauge the role of government in driving overall state economic activity.
Key Facts
- Arizona's government GDP index has grown by 18% over the past decade.
- The public sector accounts for approximately 16% of total GDP in Arizona.
- This index is inflation-adjusted to provide a real measure of government economic activity.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona measures the inflation-adjusted output of the government sector in the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This index allows policymakers and analysts to assess public sector productivity and fiscal trends in Arizona, which is crucial for understanding the role of government in driving overall state economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to account for changes in the relative prices of government goods and services.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by economic and fiscal policymakers to gauge the role of government in driving overall state economic activity and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Arizona (AZGOVQQGSP), retrieved from FRED.