Gross Domestic Product: Federal Civilian in Pennsylvania
PAGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,205.40
Year-over-Year Change
57.40%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Gross Domestic Product: Federal Civilian in Pennsylvania' series measures the economic output generated by federal civilian government activity in the state of Pennsylvania. This metric is important for analyzing the role of the public sector in the state's overall economic performance.
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 series represents the contribution of federal civilian government operations to the gross domestic product (GDP) of Pennsylvania. It provides insight into the economic impact of federal employment, spending, and activity within the state, which is relevant for policymakers and economists studying fiscal and regional economic trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Historical Context
This trend is used to inform economic policy decisions and analyze the public sector's role in Pennsylvania's economy.
Key Facts
- Pennsylvania's federal civilian GDP was $25.3 billion in 2021.
- This accounted for 3.7% of the state's total GDP that year.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the contribution of federal civilian government activity to the gross domestic product (GDP) of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic impact of federal employment, spending, and operations within the state, which is important for policymakers and economists studying fiscal and regional economic trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their state-level GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic policy decisions and analyze the public sector's role in Pennsylvania's economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions over time as more information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in Pennsylvania (PAGOVFEDCIVNGSP), retrieved from FRED.