Gross Domestic Product for Georgia
MKTGDPGEA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,535,530,479.02
Year-over-Year Change
97.32%
Date Range
1/1/1987 - 1/1/2023
Summary
The Gross Domestic Product (GDP) for Georgia measures the total value of all goods and services produced within the state. It is a key indicator of economic growth and performance used by 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
GDP represents the market value of all final goods and services produced in a geographic region over a specific time period. The Georgia GDP trend provides insights into the state's economic activity, productivity, and overall economic health compared to national trends.
Methodology
The Bureau of Economic Analysis (BEA) calculates GDP for U.S. states using data from various government and private sources.
Historical Context
Policymakers and economists closely monitor state-level GDP to assess regional economic conditions and guide fiscal and monetary policy decisions.
Key Facts
- Georgia's GDP reached $705 billion in 2021.
- GDP growth in Georgia outpaced the national average in 2020.
- The service sector accounts for the largest share of Georgia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Georgia measures the total value of all goods and services produced within the state over a given time period.
Q: Why is this trend relevant for users or analysts?
A: The Georgia GDP trend provides important insights into the state's economic performance, productivity, and growth relative to national trends. It is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates state-level GDP using data from various government and private sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use state GDP data to assess regional economic conditions and guide fiscal and monetary policy decisions that impact state and local economies.
Q: Are there update delays or limitations?
A: The Georgia GDP data is typically released on a quarterly basis with a lag of several months.
Related Trends
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Georgia
GEOFCAKNUM
Gross Domestic Product in Current Prices for Georgia
GEONGDPDUSD
Number of Identified Exporters to Georgia from Nebraska
NEGEOA475SCEN
Value of Exports to Georgia from Missouri
MOGEOA052SCEN
H-Statistic in Banking Market for Georgia
DDOI03GEA066NWDB
Geographical Outreach: Number of Institutions, Other Depository Corporations for Georgia
GEOFCIODNUM
Citation
U.S. Federal Reserve, Gross Domestic Product for Georgia (MKTGDPGEA646NWDB), retrieved from FRED.