Chain-Type Quantity Index for Real GDP: Durable Goods Manufacturing (321, 327-339) in Wisconsin
Quarterly, Seasonally Adjusted
WIDURMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.48
Year-over-Year Change
-7.17%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures U.S. gross state product, a key indicator of economic growth and activity 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 economic series represents the total value of goods and services produced within a state, adjusted for seasonal factors. It is a widely used metric for analyzing state-level economic performance and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists closely monitor state GDP to inform decision-making and assess regional economic conditions.
Key Facts
- U.S. state GDP totaled $21.7 trillion in 2021.
- California accounts for the largest share of U.S. state GDP at 14.6%.
- State GDP grew 6.5% on average in 2021 following the COVID-19 recession.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the total economic output or gross domestic product (GDP) of U.S. states on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: State GDP is a key indicator of regional economic performance and helps policymakers, businesses, and researchers understand growth, assess competitiveness, and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis, the federal agency responsible for measuring national and regional economic activity.
Q: How is this trend used in economic policy?
A: Policymakers at the state and federal level use state GDP data to monitor regional economies, inform policy decisions, and evaluate the impacts of economic programs and initiatives.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted state GDP data is released on a regular schedule by the Bureau of Economic Analysis, typically with a lag of several months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (WIDURMANQQGSP), retrieved from FRED.