Chain-Type Quantity Index for Real GDP: Information (51) in South Carolina
Quarterly, Seasonally Adjusted
SCINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.36
Year-over-Year Change
17.79%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted trend measures the quarterly real gross state product, which is a key indicator of state-level economic activity and 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
This series provides a timely measure of economic output for each U.S. state, adjusting for seasonal variations. It is used by policymakers, researchers, and businesses to analyze regional economic trends and conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is closely watched by state governments, the Federal Reserve, and other economic analysts.
Key Facts
- Covers all 50 U.S. states and the District of Columbia.
- Adjusted for seasonal variations to isolate underlying trends.
- Released quarterly, providing timely insights on state economies.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the real gross state product, which is the total economic output of each U.S. state on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely and comprehensive view of economic activity at the state level, which is crucial for understanding regional growth, policymaking, and business planning.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established methodologies for measuring state-level gross domestic product.
Q: How is this trend used in economic policy?
A: State governments, the Federal Reserve, and other economic analysts closely monitor this metric to assess regional economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months. While timely, there may be revisions to historical data as more information becomes available.
Related Trends
90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for South Carolina
PPCILBAASC45000A156NCEN
Unemployment Rate in South Carolina
SCUR
Average Weekly Hours of Production Employees: Manufacturing: Durable Goods in South Carolina
SMU45000003100000007
All Employees: Other Services in South Carolina
SCSRVO
All Employees: Leisure and Hospitality: Amusement, Gambling, and Recreation Industries in South Carolina
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Production or Nonsupervisory Employees: Manufacturing: Durable Goods in South Carolina
SMU45000003100000006A
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SCINFOQQGSP), retrieved from FRED.