Chain-Type Quantity Index for Real GDP: Construction (23) in Georgia
This dataset tracks chain-type quantity index for real gdp: construction (23) in georgia over time.
Latest Value
115.92
Year-over-Year Change
83.00%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Construction (23) in Georgia measures the volume of construction activity in the state's economy. This metric is important for economists and policymakers to assess the health and growth of the construction sector.
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 Chain-Type Quantity Index for Real GDP: Construction (23) in Georgia tracks the real, inflation-adjusted output of the construction industry in the state. It is a valuable indicator of construction activity and investment, which are key components of overall economic growth and development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
Trends in this construction activity index are closely monitored by government agencies, real estate analysts, and other stakeholders to inform economic policy and business decisions.
Key Facts
- Georgia's construction sector accounts for over 5% of the state's GDP.
- The construction index hit a 10-year high in 2021.
- Housing starts are a key driver of the construction index.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Construction (23) in Georgia measures the real, inflation-adjusted output of the construction industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of construction activity and investment, which are key components of overall economic growth and development in Georgia.
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: Trends in this construction activity index are closely monitored by government agencies, real estate analysts, and other stakeholders to inform economic policy and business decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Construction (23) in Georgia (GACONSTQGSP), retrieved from FRED.