Annual
This dataset tracks annual over time.
Latest Value
3.30
Year-over-Year Change
-8.68%
Date Range
1/1/1992 - 1/1/2024
Summary
The Annual Real Gross State Product (GSP) trend measures the total economic output of U.S. states, adjusted for inflation. It is a key indicator of regional economic performance and growth.
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 Annual Real GSP trend provides a comprehensive assessment of each state's economic activity and productivity. It is used by policymakers, analysts, and businesses to evaluate regional economic conditions and forecast future growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures adjusted for inflation.
Historical Context
This trend is closely monitored for insights on state-level economic performance and its implications for policy decisions.
Key Facts
- The U.S. state with the largest real GSP is California.
- Real GSP growth can vary significantly across states in a given year.
- Analyzing real GSP trends is important for understanding local economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual Real Gross State Product (GSP) trend measures the total economic output of each U.S. state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides critical insights into regional economic performance and growth, which is valuable for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level GDP figures adjusted for inflation.
Q: How is this trend used in economic policy?
A: Analyzing real GSP trends is important for understanding local economic conditions and can inform policy decisions at the state and regional level.
Q: Are there update delays or limitations?
A: The Annual Real GSP data is published with a lag, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Real Gross State Product (GASREGA), retrieved from FRED.