Gross Domestic Product: Government and Government Enterprises (92) in Louisiana
Annual, Not Seasonally Adjusted
LAGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,572.70
Year-over-Year Change
32.30%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures annual nominal gross state product (GSP) for state and local governments in the United States. This metric is an important indicator of economic activity and fiscal health at the subnational level.
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
Gross state product (GSP) is the value of all final goods and services produced within a state's economy over a given time period. The 'Annual, Not Seasonally Adjusted' series tracks this measure for the state and local government sector, providing insight into the scale and performance of public-sector economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private data sources.
Historical Context
Policymakers and analysts use this series to monitor fiscal conditions and economic trends at the state and local level.
Key Facts
- The series covers all 50 U.S. states and the District of Columbia.
- The data is released annually, with a typical 12-month lag.
- Nominal GSP for state and local governments totaled $3.3 trillion in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the nominal gross state product (GSP) for the state and local government sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and performance of public-sector economic activity, which is crucial for understanding fiscal conditions and economic trends at the state and local level.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private data sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to monitor fiscal conditions and economic trends at the state and local level, which informs decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is released annually, with a typical 12-month lag, and covers all 50 U.S. states and the District of Columbia.
Related Trends
State Government Tax Collections, Property Taxes in Louisiana
LAPROPTAX
Personal Consumption Expenditures: Services: Health Care for Louisiana
LAPCEHLTHCARE
Gross Domestic Product: Wholesale Trade (42) in Louisiana
LAWHOLENQGSP
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000011
Average Weekly Hours of All Employees: Goods Producing in Louisiana
SMU22000000600000002
All Employees: Food Services and Drinking Places in Louisiana
SMU22000007072200001A
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAGOVNGSP), retrieved from FRED.