Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Louisiana
Quarterly, Seasonally Adjusted
LAGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.33
Year-over-Year Change
5.18%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the real Gross State Product (GSP) of state and local governments. This metric is a key indicator of economic activity and fiscal health at the state and local 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
The Quarterly, Seasonally Adjusted series represents the real GSP of state and local governments, adjusted for seasonal variations. It is a valuable statistic for evaluating the economic performance and fiscal conditions of different state and local jurisdictions across the United States.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic indicators and survey data.
Historical Context
Policymakers and economists closely monitor the Quarterly, Seasonally Adjusted GSP data to assess the broader economic trends and fiscal environment at the state and local level.
Key Facts
- The Quarterly, Seasonally Adjusted series is published by the U.S. Bureau of Economic Analysis.
- This metric helps measure the overall economic activity and fiscal health of state and local governments.
- Analysts use the Quarterly, Seasonally Adjusted GSP data to identify regional economic trends and forecast budgetary conditions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the real Gross State Product (GSP) of state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and fiscal health at the state and local level, providing valuable insights for policymakers, economists, and market 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 a variety of economic indicators and survey data.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the Quarterly, Seasonally Adjusted GSP data to assess broader economic trends and fiscal conditions at the state and local level.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted GSP data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LAGOVQQGSP), retrieved from FRED.