Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Rhode Island
Quarterly, Seasonally Adjusted
RIMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
-1.09%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross State Product (RIMANQQGSP) measures the total economic output of a U.S. state or region, adjusted for inflation and seasonal variations. It is a key indicator of regional economic health and 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
Real Gross State Product (GSP) is the inflation-adjusted, seasonally-adjusted measure of a state or region's total economic output. It is used by policymakers, analysts, and businesses to track regional economic trends and compare state-level economic performance.
Methodology
The Bureau of Economic Analysis (BEA) calculates Real GSP using production data and price indices.
Historical Context
Real GSP is a critical metric for evaluating regional economic policy and investment decisions.
Key Facts
- Real GSP excludes the effects of inflation.
- Real GSP is adjusted for seasonal variations.
- Real GSP allows for state-to-state economic comparisons.
FAQs
Q: What does this economic trend measure?
A: The Real Gross State Product (RIMANQQGSP) measures the total economic output of a U.S. state or region, adjusted for inflation and seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Real GSP is a critical indicator of regional economic health and performance, used by policymakers, analysts, and businesses to track trends and compare state-level economic activity.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates Real GSP using production data and price indices.
Q: How is this trend used in economic policy?
A: Real GSP is a crucial metric for evaluating regional economic policy and informing investment decisions.
Q: Are there update delays or limitations?
A: Real GSP data is subject to revisions and may have update delays due to the complex methodology used by the BEA.
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Citation
U.S. Federal Reserve, Real Gross State Product (RIMANQQGSP), retrieved from FRED.