Real Gross Domestic Product: Wholesale Trade (42) in Louisiana
Annual, Not Seasonally Adjusted
LAWHOLERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,178.90
Year-over-Year Change
-0.24%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the total gross state product (GSP) for Louisiana. GSP is a key economic indicator that reflects the overall size and growth of a state's economy.
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 trend represents the total value of all goods and services produced within Louisiana over the course of a year, without adjusting for seasonal variations. It provides insights into the state's economic performance and is used by policymakers, analysts, and businesses to understand broader market conditions.
Methodology
The data is collected through surveys and estimates by the U.S. Bureau of Economic Analysis.
Historical Context
GSP trends are important for evaluating state-level economic policies and investment decisions.
Key Facts
- Louisiana's GSP was $262 billion in 2021.
- The state's economy grew by 4.2% in 2021.
- Oil and gas production are major contributors to Louisiana's GSP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross state product (GSP) for Louisiana, which represents the overall size and economic output of the state.
Q: Why is this trend relevant for users or analysts?
A: GSP trends are important for understanding a state's economic performance, evaluating policy decisions, and informing investment and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys and estimates by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use GSP trends to assess the overall health of a state's economy and inform decisions related to economic development, taxation, and public spending.
Q: Are there update delays or limitations?
A: The data is released annually, with a delay of several months. The not seasonally adjusted nature of the trend may limit its use for certain short-term analyses.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAWHOLERGSP), retrieved from FRED.