Gross Domestic Product: All Industry Total in Maryland
Quarterly, Seasonally Adjusted Annual Rate
MDNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
556,981.70
Year-over-Year Change
18.33%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the inflation-adjusted market value of goods and services produced by the U.S. economy. It is a key indicator of overall economic growth and a critical data point for policymakers and analysts.
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 metric, also known as real GDP, represents the total economic output of the country, adjusted for seasonal variations and inflation. It is widely used to track the health and performance of the U.S. economy over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a comprehensive survey of businesses and government agencies.
Historical Context
Quarterly GDP growth is closely monitored by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- The U.S. economy grew by 2.9% in 2022 Q4.
- Real GDP expanded by 6.9% in 2021.
- Quarterly GDP is reported by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the total market value of all goods and services produced within the United States over a three-month period, adjusted for seasonal variations and inflation.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GDP is a critical indicator of overall economic health and performance. It is closely watched by policymakers, businesses, and investors to gauge the strength of the U.S. economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using comprehensive surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth is a key data point used by the Federal Reserve and other economic institutions to inform monetary and fiscal policy decisions that impact interest rates, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted Annual Rate is released by the Bureau of Economic Analysis approximately one month after the end of each quarter. There may be revisions to the data in subsequent releases.
Related Trends
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MDFOODBEVTOBMANQGSP
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Estimated Percent of People Under Age 5 in Poverty for Maryland
PP0T4MD24000A156NCEN
Real Gross Domestic Product: Private Industries in Maryland
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Wholesale Trade Wages and Salaries in Maryland
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (MDNQGSP), retrieved from FRED.