Gross Domestic Product: Construction (23) in Louisiana
LACONSTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,867.70
Year-over-Year Change
30.08%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Construction (23) in Louisiana' series measures the economic output of the construction industry in Louisiana. It is a key indicator of the state's overall economic health and construction sector performance.
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 gross domestic product (GDP) originating from the construction industry in Louisiana. It is a valuable metric for assessing the state's construction activity, investment, and its contribution to the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national economic accounts and regional economic data.
Historical Context
Policymakers and economists monitor this trend to gauge the state of Louisiana's construction sector and its impact on the overall economy.
Key Facts
- Louisiana's construction GDP reached $10.8 billion in 2021.
- The construction industry accounts for 4.5% of Louisiana's total GDP.
- Construction GDP in Louisiana has grown by 2.3% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) originating from the construction industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of construction activity and investment in Louisiana, providing insights into the state's economic performance and the construction sector's contribution.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national economic accounts and regional economic data.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the state of Louisiana's construction sector and its impact on the overall economy, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Construction (23) in Louisiana (LACONSTNQGSP), retrieved from FRED.