Real Gross Domestic Product: Construction (23) in Delaware
Annual, Not Seasonally Adjusted
DECONSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,635.60
Year-over-Year Change
26.01%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted value of the U.S. Gross State Product. It provides insights into the overall health and performance of state-level economies.
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 Gross State Product (GSP) is the state-level equivalent of the national Gross Domestic Product, measuring the total economic output of each U.S. state. The annual, not seasonally adjusted DECONSTRGSP series offers a high-level view of state economic conditions without the influence of seasonal factors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on a variety of input sources.
Historical Context
This economic indicator is closely tracked by policymakers, analysts, and businesses to assess regional economic trends and performance.
Key Facts
- The U.S. had a total GSP of over $21 trillion in 2021.
- California had the highest GSP of any state at $3.3 trillion in 2021.
- Many states saw strong economic growth in 2021 as the COVID-19 pandemic impact subsided.
FAQs
Q: What does this economic trend measure?
A: The DECONSTRGSP series measures the annual, not seasonally adjusted Gross State Product (GSP) for the United States. GSP is the total economic output of each state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall health and performance of state-level economies, which is crucial information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of input sources.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses closely monitor the DECONSTRGSP series to assess regional economic conditions and trends, which informs decision-making and policy at the state and national levels.
Q: Are there update delays or limitations?
A: The DECONSTRGSP data is published annually by the Bureau of Economic Analysis, so there may be a delay of several months between the end of the reference year and the data release.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DECONSTRGSP), retrieved from FRED.