Annual, Not Seasonally Adjusted
This dataset tracks annual, not seasonally adjusted over time.
Latest Value
98.94
Year-over-Year Change
-12.34%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total value of construction put in place in Oklahoma. It provides insights into the state's construction activity and economic 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
This annual, unadjusted construction spending metric offers a broad view of construction investment and activity levels within Oklahoma. It is used by policymakers, analysts, and businesses to assess the health and trajectory of the state's construction industry and broader economy.
Methodology
The data is collected through surveys of construction firms and project owners.
Historical Context
This metric is relevant for understanding Oklahoma's real estate, infrastructure, and overall economic conditions.
Key Facts
- Oklahoma's annual construction spending was $26.3 billion in 2021.
- Construction is a key driver of Oklahoma's economy, accounting for over 5% of the state's GDP.
- The construction industry employs over 100,000 people in Oklahoma.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total value of construction projects completed in Oklahoma each year, providing insights into the state's construction activity and economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the health and trajectory of Oklahoma's construction industry and broader economy. It is used by policymakers, businesses, and analysts to make informed decisions about investment, development, and economic policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction firms and project owners across Oklahoma.
Q: How is this trend used in economic policy?
A: This construction spending metric is used by policymakers, economists, and market analysts to assess the state's economic conditions, identify growth opportunities, and inform decisions about infrastructure investment, housing policies, and other economic development initiatives.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' data is published with a lag of several months, so the most recent figures may not reflect the latest construction activity in Oklahoma.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (OKCONSTQGSP), retrieved from FRED.