Real Gross Domestic Product: Government and Government Enterprises (92) in Maryland
Quarterly, Seasonally Adjusted Annual Rate
MDGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,762.70
Year-over-Year Change
5.20%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' trend measures the quarterly percentage change in real gross state product (GSP), adjusted for seasonal variations. It provides a key indicator of economic growth and productivity at the state level.
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 economic trend tracks the annualized rate of change in real GSP, which is the broadest measure of a state's economic output. It is widely used by economists, policymakers, and analysts to evaluate state-level economic performance and guide decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on reported state-level economic activity.
Historical Context
This trend is closely monitored as it informs policy decisions and market assessments of regional economic conditions.
Key Facts
- The highest quarterly growth rate on record was 14.2% in Q3 2021.
- The lowest quarterly growth rate on record was -31.2% in Q2 2020.
- Texas had the highest GSP in 2021 at $2 trillion.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted Annual Rate' trend measures the annualized percentage change in real gross state product (GSP) on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of state-level economic growth and productivity, providing insights that inform policy decisions and market assessments of regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on reported state-level economic activity.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and analysts to evaluate state-level economic performance and guide decision-making.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA, with a typical delay of 2-3 months from the end of the reference period.
Related Trends
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MDPCESRECSRV
Projected Business Formations Within Four Quarters: Total for All NAICS in Maryland
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Real Gross Domestic Product: Military in Maryland
MDGOVFEDMILRGSP
90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Maryland
PPCILB0T4MD24000A156NCEN
Number of Identified Exporters to Mexico from Maryland
MDMEXA475SCEN
Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Maryland
MDOTHTRANNGSP
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MDGOVRQGSP), retrieved from FRED.