Real Gross Domestic Product: Federal Civilian in Indiana
INGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,306.50
Year-over-Year Change
17.04%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Federal Civilian in Indiana' series measures the real (inflation-adjusted) economic output of the federal civilian government sector in the state of Indiana. This metric is important for economists and policymakers to understand the economic activity and fiscal conditions within a specific state.
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 series represents the real value added to Indiana's gross domestic product (GDP) by the federal civilian government sector. It is a component of the broader real GDP series and provides insights into the economic contribution of the federal government in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to assess the role of the federal government in Indiana's economy and how it may impact broader economic conditions.
Key Facts
- Indiana's federal civilian GDP was $5.9 billion in 2021.
- This trend has grown at an average annual rate of 1.2% over the past decade.
- Federal civilian activity accounts for approximately 2.4% of Indiana's total real GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) economic output of the federal civilian government sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role and economic contribution of the federal government within Indiana's economy, which is important for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the federal government's impact on Indiana's economic conditions and activity.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Indiana (INGOVFEDCIVRGSP), retrieved from FRED.