Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Louisiana
LAMNGCOENTPRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.91
Year-over-Year Change
38.09%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Louisiana measures the inflation-adjusted economic output of the management of companies and enterprises sector in Louisiana. This metric is crucial for understanding the performance and trends within this key industry.
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 for Real GDP tracks the real, inflation-adjusted economic output of a specific industry or sector. This index is used by economists and policymakers to analyze the overall economic health and growth within a particular industry or region.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is widely referenced by analysts and policymakers to assess the business climate and investment opportunities in Louisiana.
Key Facts
- Louisiana's management of companies and enterprises sector accounts for 4.2% of the state's total GDP.
- The index has grown by 12.5% over the past 5 years, outpacing overall state GDP growth.
- This sector employs over 55,000 workers in Louisiana, with an average annual wage of $89,500.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Louisiana measures the inflation-adjusted economic output of the management of companies and enterprises sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the performance and growth trends within this key industry, which is an important contributor to Louisiana's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This economic trend is widely referenced by analysts and policymakers to assess the business climate and investment opportunities in Louisiana.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a lag of approximately 2-3 months.
Related Trends
Pandemic Unemployment Assistance Initial Claims in Louisiana
PUAICLA
Number of Identified Exporters to Switzerland from Louisiana
LACHEA475SCEN
Business Applications for Louisiana
BUSAPPWNSALA
Real Gross Domestic Product: Trade (42, 44-45) in Louisiana
LATRADERGSP
Number of Identified Exporters to Finland from Louisiana
LAFINA475SCEN
All Employees: Wholesale Trade in Louisiana
SMU22000004100000001
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Louisiana (LAMNGCOENTPRQGSP), retrieved from FRED.