Gross Domestic Product: Construction (23) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RICONSTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,377.10
Year-over-Year Change
25.66%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (RICONSTNQGSP) measures the annualized rate of change in real gross private domestic investment in the U.S. economy. This metric is a key indicator of business investment 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
Real gross private domestic investment represents the spending by businesses and households on new fixed assets, such as equipment, software, and structures. Economists closely monitor this series to assess the health and trajectory of the overall economy.
Methodology
The U.S. Bureau of Economic Analysis calculates this seasonally adjusted, annualized rate based on quarterly private investment data.
Historical Context
Policymakers and analysts use this investment metric to inform decisions and expectations around economic and monetary policy.
Key Facts
- Real private investment accounts for over 15% of U.S. GDP.
- Investment growth slowed during the 2008-2009 recession but has since recovered.
- Sustained high levels of investment are associated with strong economic expansions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (RICONSTNQGSP) measures the annualized change in real gross private domestic investment in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Investment in new capital assets by businesses and households is a key driver of overall economic growth, so this metric is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this seasonally adjusted, annualized rate based on quarterly private investment data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this investment metric to inform decisions and expectations around economic and monetary policy.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RICONSTNQGSP), retrieved from FRED.