Real Gross Domestic Product: Private Industries in Louisiana
Quarterly, Seasonally Adjusted Annual Rate
LAPIRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229,009.10
Year-over-Year Change
10.05%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly Seasonally Adjusted Annual Rate (LAPIRQGSP) measures the gross domestic product (GDP) of the United States on a quarterly basis, adjusted for seasonal variations. This metric is a key indicator of economic growth and 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
The Quarterly Seasonally Adjusted Annual Rate (LAPIRQGSP) represents the annualized quarter-over-quarter growth rate of the US GDP, with seasonal fluctuations removed. It is a widely followed economic indicator that provides insight into the health and trajectory of the broader economy.
Methodology
The data for this series is collected and calculated by the US Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to evaluate the overall economic conditions and inform decision-making.
Key Facts
- The LAPIRQGSP is reported on a quarterly basis.
- It represents the annualized rate of change in US GDP.
- Seasonal adjustments help isolate underlying economic trends.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Seasonally Adjusted Annual Rate (LAPIRQGSP) measures the annualized quarter-over-quarter growth rate of the US gross domestic product (GDP), with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic performance and growth, providing valuable insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data for this series is collected and calculated by the US Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Quarterly Seasonally Adjusted Annual Rate (LAPIRQGSP) to evaluate the health of the economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data for this series is reported on a quarterly basis, with a typical release schedule that may include some update delays.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (LAPIRQGSP), retrieved from FRED.