Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Louisiana
Quarterly, Seasonally Adjusted Annual Rate
LAPROBUSNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,342.90
Year-over-Year Change
22.80%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (LAPROBUSNQGSP) measures the total gross output of the U.S. economy on an annualized basis, adjusted for seasonal variations. This metric is a key indicator of overall economic health and productivity.
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 (LAPROBUSNQGSP) represents the total value of goods and services produced by the U.S. economy in a given quarter, adjusted to reflect an annual production rate and seasonally adjusted to account for predictable fluctuations. This measure provides economists and policymakers with a comprehensive gauge of macroeconomic performance.
Methodology
The data for LAPROBUSNQGSP is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor LAPROBUSNQGSP to assess the strength of the U.S. economy and inform economic and monetary policy decisions.
Key Facts
- LAPROBUSNQGSP is reported quarterly by the U.S. Bureau of Economic Analysis.
- The metric is expressed as an annualized rate to provide a standardized comparison across time periods.
- Seasonal adjustments help isolate underlying economic trends by removing predictable fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (LAPROBUSNQGSP) measures the total value of goods and services produced by the U.S. economy on an annualized basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: LAPROBUSNQGSP is a comprehensive indicator of macroeconomic performance and a key metric used by economists, policymakers, and market analysts to assess the overall health and productivity of the U.S. economy.
Q: How is this data collected or calculated?
A: The data for LAPROBUSNQGSP is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor LAPROBUSNQGSP to inform economic and monetary policy decisions, as it provides a holistic view of the nation's economic output and productivity.
Q: Are there update delays or limitations?
A: LAPROBUSNQGSP is reported quarterly, with a short delay to allow for data collection and processing by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (LAPROBUSNQGSP), retrieved from FRED.