Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Arizona
AZOTHSERVENQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,307.70
Year-over-Year Change
25.27%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the gross domestic product (GDP) of the other services (except government and government enterprises) sector in Arizona. It provides insights into the performance and contribution of this key industry within the state's overall economic activity.
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 other services (except government and government enterprises) sector encompasses a diverse range of economic activities, including personal services, repair and maintenance, and religious, civic, and professional organizations. Analyzing the GDP of this sector helps policymakers and analysts understand the state's economic composition and dynamics.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP reporting for U.S. states and territories.
Historical Context
This economic trend is used by policymakers, economists, and businesses to assess the health and growth of Arizona's service-based industries, informing decision-making and investment strategies.
Key Facts
- Arizona's other services sector contributed $13.2 billion to the state's GDP in 2021.
- This sector accounts for approximately 3.5% of Arizona's total economic output.
- The other services sector in Arizona has experienced steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the other services (except government and government enterprises) sector in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the GDP of Arizona's other services sector provides insights into the performance and contribution of this key industry within the state's overall economic activity, which is useful for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its comprehensive GDP reporting for U.S. states and territories.
Q: How is this trend used in economic policy?
A: This economic trend is used by policymakers, economists, and businesses to assess the health and growth of Arizona's service-based industries, informing decision-making and investment strategies.
Q: Are there update delays or limitations?
A: The GDP data for the other services sector in Arizona is typically updated on a quarterly basis by the BEA, with some potential for minor delays in publication.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Arizona (AZOTHSERVENQGSP), retrieved from FRED.