Chain-Type Quantity Index for Real GDP: Construction (23) in Rhode Island
Quarterly, Seasonally Adjusted
RICONSTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.66
Year-over-Year Change
-0.28%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted (RICONSTQQGSP) metric measures the quarterly percent change in real gross state product (GSP), a key indicator of economic performance at the state level.
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 GSP is a comprehensive measure of the total economic output of a state, adjusting for inflation to provide a clear picture of growth over time. This data is closely watched by policymakers, economists, and businesses to understand regional economic trends.
Methodology
The U.S. Bureau of Economic Analysis collects and calculates this data using surveys and economic models.
Historical Context
Quarterly GSP growth is a leading indicator used to assess the health of state economies and inform economic policies.
Key Facts
- All 50 U.S. states report quarterly GSP data.
- Positive GSP growth generally indicates an expanding state economy.
- GSP encompasses all sectors of a state's economy, from manufacturing to services.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted (RICONSTQQGSP) metric measures the quarterly percent change in real gross state product (GSP), a comprehensive indicator of economic output at the state level.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GSP growth is a key indicator used by policymakers, economists, and businesses to assess the health and performance of regional economies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data using surveys and economic models.
Q: How is this trend used in economic policy?
A: Quarterly GSP growth is a leading indicator that informs economic policies and decisions at the state and local levels.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (RICONSTQQGSP), retrieved from FRED.