Real Gross Domestic Product: Private Industries in Minnesota
Annual, Not Seasonally Adjusted
MNPIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
357,690.70
Year-over-Year Change
24.58%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the annual real gross state product, which reflects the total economic output of a U.S. state. This metric is closely watched by economists and policymakers to assess regional economic performance and growth.
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 Annual, Not Seasonally Adjusted real gross state product series provides a comprehensive measure of the total economic output for a given U.S. state on an annual basis. It is a key indicator used to track state-level economic trends and compare regional economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Historical Context
This series is widely referenced by economists, investors, and policymakers to inform decisions and analyze economic conditions at the state level.
Key Facts
- Annual data series, not seasonally adjusted
- Measures total economic output for U.S. states
- Key indicator of regional economic performance
FAQs
Q: What does this economic trend measure?
A: This series measures the annual real gross state product, which is the total economic output of a U.S. state on a yearly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors to assess regional economic conditions and growth patterns.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic models.
Q: How is this trend used in economic policy?
A: This series is widely referenced to inform decisions and analyze economic conditions at the state level by government, industry, and market participants.
Q: Are there update delays or limitations?
A: The annual data is released with a lag, but provides a comprehensive picture of state-level economic activity.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MNPIRGSP), retrieved from FRED.