Chain-Type Quantity Index for Real GDP: Federal Civilian in Maine
MEGOVFEDCIVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.89
Year-over-Year Change
31.55%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Federal Civilian in Maine measures the inflation-adjusted volume of federal civilian economic output in the state. This metric provides insight into the scale and trends of the federal government's economic presence and activity in Maine.
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 index represents the quantity of real GDP produced by the federal civilian sector in Maine. It is a valuable indicator for economists and policymakers to assess the role and evolution of the federal government's economic footprint in the state over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This metric is used to analyze the economic impact of federal civilian activities and spending in Maine.
Key Facts
- The index is based on 2012 as the reference year.
- Maine's federal civilian real GDP index reached 106.05 in 2021.
- The index has increased by 6.05% since the 2012 base year.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted volume of real GDP produced by the federal civilian sector in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the scale and trends of the federal government's economic presence and activities in Maine, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This index is used to analyze the economic impact of federal civilian activities and spending in Maine, which is relevant for policymakers and economists.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with typical update delays of a few months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Federal Civilian in Maine (MEGOVFEDCIVQGSP), retrieved from FRED.