Chain-Type Quantity Index for Real GDP: Educational Services (61) in Louisiana
LAEDCATQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.48
Year-over-Year Change
0.32%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Louisiana measures the inflation-adjusted output of the educational services industry in the state. This data provides important insights into the productivity and economic contribution of the education sector.
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 Chain-Type Quantity Index tracks changes in the real, inflation-adjusted value of goods and services produced by the educational services industry in Louisiana. This metric is widely used by economists and policymakers to analyze industry-level economic trends and evaluate the performance of the education sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for price changes over time.
Historical Context
This series is a key input for assessing the overall economic health and productivity of Louisiana's education industry.
Key Facts
- The index is based on 2012 as the reference year.
- Louisiana's educational services industry accounts for over 4% of the state's total GDP.
- The index has shown steady growth, increasing by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted quantity of goods and services produced by the educational services industry in Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the productivity and economic contribution of the education sector, which is a key driver of Louisiana's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to account for price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the overall health and performance of Louisiana's education industry, which informs decisions about investment, regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Louisiana (LAEDCATQQGSP), retrieved from FRED.