Real Gross Domestic Product: Government and Government Enterprises (92) in Rhode Island
RIGOVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,471.70
Year-over-Year Change
3.51%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures real gross domestic product (GDP) for the government and government enterprises sector in the state of Rhode Island. It provides valuable insights into the economic activity and fiscal policy within 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
The Real Gross Domestic Product: Government and Government Enterprises (92) in Rhode Island series tracks the inflation-adjusted output of the government and government enterprises industry in the state. It is a key indicator of the size and performance of the public sector in Rhode Island's overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its state-level GDP estimates.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the economic health and fiscal policies of the Rhode Island government.
Key Facts
- Rhode Island's government and government enterprises sector accounts for over 10% of the state's total GDP.
- This trend has shown modest growth over the past decade, indicating a relatively stable public sector in the state.
- The government and government enterprises industry is the third-largest contributor to Rhode Island's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the government and government enterprises sector in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic activity and fiscal policies of the public sector in Rhode Island, which is an important component of the state's overall economy.
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 its state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the economic health and fiscal policies of the Rhode Island government.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in availability.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Rhode Island (RIGOVRGSP), retrieved from FRED.