Real Gross Domestic Product: Government and Government Enterprises (92) in Delaware
Annual, Not Seasonally Adjusted
DEGOVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,637.60
Year-over-Year Change
6.57%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures real gross state product (GSP) for the government sector. This provides insight into the economic output and performance of the public sector across U.S. states and over time.
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
Real GSP for the government sector is a key indicator of the size and contribution of the public economy. Analysts use this data to assess the fiscal health and economic role of government at the state level.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government and economic sources.
Historical Context
This series is widely used by policymakers, economists, and investors to monitor state-level public sector activity and its relationship to the broader economy.
Key Facts
- Data available annually from 1963 to present.
- Covers all 50 U.S. states and Washington D.C.
- Government sector accounts for 12-18% of total U.S. GDP
FAQs
Q: What does this economic trend measure?
A: This series measures real gross state product (GSP) for the government sector, providing insight into the economic output and performance of public-sector activities across U.S. states.
Q: Why is this trend relevant for users or analysts?
A: Analysts use this data to assess the fiscal health and economic role of government at the state level, as the government sector is a significant component of overall 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 variety of government and economic sources.
Q: How is this trend used in economic policy?
A: This series is widely used by policymakers, economists, and investors to monitor state-level public sector activity and its relationship to the broader economy.
Q: Are there update delays or limitations?
A: The data is available annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DEGOVRGSP), retrieved from FRED.