Gross Domestic Product: Construction (23) in Wisconsin
Quarterly, Seasonally Adjusted Annual Rate
WICONSTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,261.60
Year-over-Year Change
24.14%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (WICONSTNQGSP) measures the annualized change in real gross state product for Wisconsin. This data provides insights into the overall economic health and growth trajectory of the state.
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 (WICONSTNQGSP) represents the annualized change in real gross state product for Wisconsin, adjusted for seasonal variations. Economists and policymakers use this metric to assess the state's economic performance and identify trends that may inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This economic trend is closely monitored by state and federal policymakers to gauge the effectiveness of economic policies and guide future decision-making.
Key Facts
- Wisconsin's real GDP growth rate was 2.8% in 2021.
- The state's economy has seen steady growth over the past decade.
- Manufacturing and agriculture are key contributors to Wisconsin's economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (WICONSTNQGSP) measures the annualized change in real gross state product for the state of Wisconsin, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall economic health and growth trajectory of Wisconsin, which is valuable information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this economic trend to assess the effectiveness of their policies and guide future decision-making at the state and federal levels.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately two to three months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (WICONSTNQGSP), retrieved from FRED.