Chain-Type Quantity Index for Real GDP: Federal Civilian in Louisiana
LAGOVFEDCIVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.26
Year-over-Year Change
8.92%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Federal Civilian in Louisiana measures the volume of real economic output generated by the federal civilian sector in the state. This metric is important for understanding the contribution of government activity to Louisiana's overall economic 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 index tracks changes in the real (inflation-adjusted) dollar value of goods and services produced by federal civilian agencies located in Louisiana. It is a component of the broader real GDP measure for the state and can offer insights into the role of the public sector in Louisiana's economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach.
Historical Context
Policymakers and economists monitor this index to assess the fiscal and economic impact of the federal government's civilian operations in Louisiana.
Key Facts
- Louisiana's federal civilian output index has risen by 10% over the past decade.
- The federal civilian sector accounts for over 5% of Louisiana's total real GDP.
- This index helps quantify the economic footprint of the federal government in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Federal Civilian in Louisiana measures the volume of real economic output generated by the federal civilian sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the role of the public sector in Louisiana's economic growth and can help policymakers and economists assess the fiscal and economic impact of federal civilian operations in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess the fiscal and economic impact of the federal government's civilian operations in Louisiana.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Federal Reserve with typical release delays of 1-2 months.
Related Trends
Personal Contributions for Social Insurance in Louisiana
LAOSOC
Real Gross Domestic Product: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Louisiana
LAFININSREALRGSP
Real Gross Domestic Product: Accommodation (721) in Louisiana
LAACCOMDRGSP
Number of Identified Exporters to Peru from Louisiana
LAPERA475SCEN
Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Louisiana
LAPCEPCHOUSUTL
Real Gross Domestic Product: Transportation and Warehousing (48-49) in Louisiana
LATRANSWARERGSP
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Federal Civilian in Louisiana (LAGOVFEDCIVQGSP), retrieved from FRED.