Real Gross Domestic Product: Construction (23) in Indiana
Annual, Not Seasonally Adjusted
INCONSTRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,856.80
Year-over-Year Change
23.83%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the gross state product (GSP) at current prices across the United States. This key economic indicator provides insights into state-level economic 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, Not Seasonally Adjusted' GSP metric tracks the total value of goods and services produced within each state's economy on a yearly basis. It is a widely used barometer for evaluating regional economic performance and informing policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Historical Context
Policymakers and economists analyze GSP trends to understand state-level economic conditions and guide fiscal and monetary policies.
Key Facts
- GSP accounts for over 90% of the U.S. economy.
- California has the largest state economy, contributing over 14% of national GDP.
- GSP growth rates can vary significantly across states.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total value of goods and services produced within each U.S. state's economy on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: This GSP metric is a key indicator of regional economic performance and is widely used by policymakers, businesses, and economists to assess state-level economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use GSP trends to understand state-level economic conditions and inform fiscal, monetary, and regional development policies.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' GSP data is released with a lag, typically 12-15 months after the end of the reference year.
Related Trends
All Employees: Employment Services in Indiana
SMU18000006056130001A
Total Unemployed, Plus All Marginally Attached Workers, Plus Total Employed Part Time for Economic Reasons, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Indiana
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Real Personal Income for Indiana
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Average Hourly Earnings of All Employees: Construction in Indiana
SMU18000002000000003
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Indiana
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Coefficient for Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for Indiana
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (INCONSTRGSP), retrieved from FRED.