Real Gross Domestic Product: Information (51) in Virginia
Quarterly, Seasonally Adjusted Annual Rate
VAINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,703.30
Year-over-Year Change
29.82%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (VAINFORQGSP) tracks the inflation-adjusted, annualized change in U.S. gross state product. It is a key indicator of overall economic growth and productivity 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
The Quarterly, Seasonally Adjusted Annual Rate (VAINFORQGSP) measures the quarter-over-quarter change in real gross state product, expressed as an annualized rate. This data is widely used by economists and policymakers to assess regional economic performance and trends.
Methodology
The U.S. Bureau of Economic Analysis calculates this series using state-level GDP data.
Historical Context
Analysts monitor this metric to gauge the health of state economies and inform policy decisions.
Key Facts
- This data is released quarterly by the U.S. Bureau of Economic Analysis.
- The series is adjusted for seasonal variations in economic activity.
- Real GDP growth is calculated in chained 2012 dollars to account for inflation.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (VAINFORQGSP) tracks the inflation-adjusted, annualized change in U.S. gross state product.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic growth and productivity at the state level, making it highly relevant for economists, policymakers, and regional analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this series using state-level GDP data.
Q: How is this trend used in economic policy?
A: Analysts monitor this metric to gauge the health of state economies and inform policy decisions at the regional and national levels.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (VAINFORQGSP), retrieved from FRED.