Chain-Type Quantity Index for Real GDP: Information (51) in the District of Columbia
Quarterly, Seasonally Adjusted
DCINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.12
Year-over-Year Change
18.02%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures real gross state product (GSP) on a quarterly, seasonally adjusted basis. It provides insights into the overall economic performance and growth rates of U.S. states.
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
Quarterly, seasonally adjusted real GSP is a key economic indicator that captures the total value of goods and services produced within a state's economy. It is used by policymakers, analysts, and businesses to monitor state-level economic trends and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Quarterly real GSP data is widely referenced by economists, government agencies, and businesses to understand regional economic conditions and inform policy decisions.
Key Facts
- Real GSP grew by 2.4% in Q4 2022.
- California had the largest state economy in Q4 2022.
- Quarterly real GSP data is released approximately 2 months after each quarter ends.
FAQs
Q: What does this economic trend measure?
A: This series measures real gross state product (GSP) on a quarterly, seasonally adjusted basis, providing insights into the overall economic performance and growth rates of U.S. states.
Q: Why is this trend relevant for users or analysts?
A: Quarterly, seasonally adjusted real GSP is a key economic indicator used by policymakers, analysts, and businesses to monitor state-level economic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Quarterly real GSP data is widely referenced by economists, government agencies, and businesses to understand regional economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: Quarterly real GSP data is released approximately 2 months after each quarter ends.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (DCINFOQQGSP), retrieved from FRED.