Gross Domestic Product: Information (51) in Minnesota
Quarterly, Seasonally Adjusted Annual Rate
MNINFONQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,671.10
Year-over-Year Change
12.43%
Date Range
1/1/2005 - 1/1/2025
Summary
This quarterly economic indicator measures the seasonally adjusted annual rate of nominal gross state product (GSP) for the United States. It provides insights into the overall performance and growth of the national 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
The Quarterly, Seasonally Adjusted Annual Rate of Nominal Gross State Product (MNINFONQGSP) tracks the total market value of all final goods and services produced within the United States, adjusted for seasonal variations and expressed as an annualized rate. It is a key macroeconomic indicator used by policymakers and analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical models.
Historical Context
This trend is widely monitored by government agencies, financial institutions, and economic research organizations to inform policy decisions and market forecasts.
Key Facts
- The U.S. economy grew at an annualized rate of 2.9% in the fourth quarter of 2022.
- Nominal GDP measures the market value of all final goods and services.
- Seasonal adjustment accounts for regular fluctuations in economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate of Nominal Gross State Product (MNINFONQGSP) measures the total market value of all final goods and services produced within the United States, adjusted for seasonal variations and expressed as an annualized rate.
Q: Why is this trend relevant for users or analysts?
A: This macroeconomic indicator is closely watched by policymakers, economists, and financial analysts as it provides insights into the overall performance and growth trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical models.
Q: How is this trend used in economic policy?
A: This trend is used by government agencies, central banks, and other economic institutions to inform policy decisions, assess the health of the economy, and make projections about future economic growth.
Q: Are there update delays or limitations?
A: The data for this trend is published quarterly, with a delay of approximately one month after the end of the reference period. There may be revisions to historical data as more information becomes available.
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Citation
U.S. Bureau of Economic Analysis, Quarterly, Seasonally Adjusted Annual Rate (MNINFONQGSP), retrieved from FRED.