Chain-Type Quantity Index for Real GDP: State and Local in Louisiana
LAGOVSLQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.27
Year-over-Year Change
-6.95%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: State and Local in Louisiana measures the volume of economic output generated by state and local governments in Louisiana, adjusted for inflation.
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 value of the goods and services produced by Louisiana's state and local governments. It is a key indicator of public sector economic activity and the effectiveness of government programs in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to measure real output.
Historical Context
Policymakers and analysts use this index to assess the fiscal health and economic impact of Louisiana's state and local governments.
Key Facts
- Louisiana's state and local real GDP index has grown by 23% since 2009.
- The index reached an all-time high of 121.75 in 2021.
- Louisiana's public sector accounts for over 12% of the state's total economic output.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: State and Local in Louisiana measures the volume of economic output generated by Louisiana's state and local governments, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the fiscal health and economic impact of Louisiana's public sector, providing insights for policymakers and analysts.
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 formula to measure real output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the effectiveness of government programs and the overall economic contribution of Louisiana's state and local public sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: State and Local in Louisiana (LAGOVSLQGSP), retrieved from FRED.