Quarterly
ULQBBV05EEQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
588,532,603.57
Year-over-Year Change
-17.63%
Date Range
1/1/1995 - 1/1/2011
Summary
The Quarterly Gross Domestic Product (GDP) by State measures the total economic output of each U.S. state on a quarterly basis. It is a key indicator for economists and policymakers to track regional economic trends and assess the health of state-level economies.
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 Quarterly GDP by State provides a detailed breakdown of economic activity across the United States. It includes measures of output, income, and employment, offering insights into the drivers and performance of state economies over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and administrative records.
Historical Context
This metric is widely used by government agencies, researchers, and private sector analysts to inform economic policymaking and investment decisions.
Key Facts
- The Quarterly GDP by State is released approximately 90 days after the end of each quarter.
- California, Texas, and New York consistently rank as the top three state economies by GDP.
- The data is seasonally adjusted to account for regular fluctuations in economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly GDP by State measures the total economic output of each U.S. state on a quarterly basis, providing a detailed breakdown of regional economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists, policymakers, and investors to track regional economic trends, assess state-level economic performance, and inform policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including business surveys and administrative records.
Q: How is this trend used in economic policy?
A: Quarterly GDP by State data is widely used by government agencies, researchers, and private sector analysts to inform economic policymaking and investment decisions at the state and regional levels.
Q: Are there update delays or limitations?
A: The Quarterly GDP by State data is released approximately 90 days after the end of each quarter, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) by State (ULQBBV05EEQ189N), retrieved from FRED.