Gross Domestic Product: Private Industries in Illinois
Quarterly, Seasonally Adjusted Annual Rate
ILPINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,049,963.30
Year-over-Year Change
13.89%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (ILPINQGSP) measures the annualized rate of change in U.S. gross domestic product (GDP) on a quarterly basis, with seasonal adjustments.
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
This economic indicator provides a timely, comprehensive view of the overall health and growth trajectory of the U.S. economy. It is a widely tracked metric used by policymakers, analysts, and investors to assess economic performance and inform decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on national accounts and other economic indicators.
Historical Context
The Quarterly, Seasonally Adjusted Annual Rate helps identify trends in the broader economy and supports fiscal and monetary policy decisions.
Key Facts
- The U.S. economy grew at an annualized rate of 2.9% in Q4 2022.
- GDP growth is a key indicator of economic health and influences policy decisions.
- Quarterly, Seasonally Adjusted Annual Rate data is released by the BEA each quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (ILPINQGSP) measures the annualized rate of change in U.S. gross domestic product (GDP) on a quarterly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides a timely, comprehensive view of the overall health and growth trajectory of the U.S. economy, which is crucial information for policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on national accounts and other economic indicators.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted Annual Rate helps identify trends in the broader economy and supports fiscal and monetary policy decisions made by government and central bank officials.
Q: Are there update delays or limitations?
A: The data is released by the BEA on a quarterly basis, with a slight delay after the end of each quarter.
Related Trends
Chain-Type Quantity Index for Real GDP: Military in Illinois
ILGOVFEDMILQGSP
All Employees: Computer Systems Design and Related Services in Illinois
SMU17000006054150001A
Average Hourly Earnings of Production Employees: Retail Trade in Illinois
SMU17000004200000008A
All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Illinois
SMU17000006054160001SA
Housing Inventory: New Listing Count Month-Over-Month in Illinois
NEWLISCOUMMIL
Number of Identified Exporters to Canada from Illinois
ILCANA475SCEN
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ILPINQGSP), retrieved from FRED.