Gross Domestic Product: All Industry Total in Utah
Quarterly, Seasonally Adjusted Annual Rate
UTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311,197.00
Year-over-Year Change
23.86%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (UTNQGSP) measures the annualized change in real gross state product, a key indicator of economic growth 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
This metric tracks the quarterly growth rate of each U.S. state's total economic output, adjusting for seasonal variations. It provides important insights into regional economic performance and helps policymakers and analysts assess state-level economic conditions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
Quarterly GDP growth is a widely monitored statistic for understanding state-level economic trends and informing policy decisions.
Key Facts
- Tracks annualized change in real gross state product.
- Adjusts for seasonal variations in state-level economic activity.
- Provides insights into regional economic performance and conditions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (UTNQGSP) measures the annualized change in real gross state product, a key indicator of economic growth at the state level.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional economic performance and helps policymakers and analysts assess state-level economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth is a widely monitored statistic for understanding state-level economic trends and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis and may be subject to revisions.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (UTNQGSP), retrieved from FRED.