Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Connecticut
CTGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.12
Year-over-Year Change
3.84%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Connecticut measures the volume of economic output from the government sector in the state, adjusted for inflation.
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 tracks changes in the real, inflation-adjusted value of goods and services produced by government and government enterprises in Connecticut. It is a useful indicator of the size and economic contribution of the public sector within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
Policymakers and analysts use this index to assess the role of government in Connecticut's economy.
Key Facts
- The index has a base year of 2012.
- Connecticut's government GDP index increased by 2.4% in 2021.
- The government sector accounts for approximately 12% of Connecticut's total economic output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the government and government enterprises sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and economic contribution of the public sector in Connecticut, which is useful for policymakers and economists analyzing the state's economy.
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 methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the role of government in Connecticut's economy and inform decisions related to public spending and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, 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 Connecticut (CTGOVQQGSP), retrieved from FRED.