Chain-Type Quantity Index for Real GDP: Federal Civilian in Oregon
ORGOVFEDCIVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.04
Year-over-Year Change
8.77%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Federal Civilian in Oregon measures the inflation-adjusted output of the federal civilian sector in the state. This metric is important for economists and policymakers to assess the economic activity and productivity of the public sector.
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 tracks the real-dollar value of goods and services produced by the federal civilian government in Oregon, adjusted for inflation. It provides insight into the economic contribution and growth of the public sector, which is a key component of overall state GDP.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real changes over time.
Historical Context
This index helps inform fiscal and economic policies related to the public sector's role in Oregon's economy.
Key Facts
- The index is based on 2012 as the reference year.
- Oregon's federal civilian real GDP index reached a high of 115.72 in 2021.
- The index fell sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of the federal civilian sector in the state of Oregon, providing insight into the economic activity and productivity of the public sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the contribution of the public sector to Oregon's overall economic growth and performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology to measure real changes over time.
Q: How is this trend used in economic policy?
A: This index helps inform fiscal and economic policies related to the public sector's role in Oregon's economy, such as government spending and the allocation of resources.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the U.S. Bureau of Economic Analysis, which may result in slight delays in availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Federal Civilian in Oregon (ORGOVFEDCIVQGSP), retrieved from FRED.