Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Alabama
Quarterly, Seasonally Adjusted
ALMANQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.24
Year-over-Year Change
11.70%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the quarterly, seasonally adjusted Gross State Product (GSP) for all U.S. states. GSP is a key economic indicator that reflects the total value of goods and services produced within a state's economy.
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 GSP metric provides a comprehensive assessment of economic activity and growth at the state level. It is used by policymakers, analysts, and businesses to gauge regional economic performance and guide decision-making.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Historical Context
Quarterly GSP trends are closely monitored by economists and state governments to inform fiscal, monetary, and economic development policies.
Key Facts
- GSP measures the total economic output of a U.S. state.
- Quarterly data provides timely insights on state-level economic performance.
- Seasonal adjustment accounts for recurring patterns in economic activity.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted Gross State Product (GSP) for all U.S. states. GSP represents the total value of goods and services produced within a state's economy.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GSP data is a key indicator of regional economic activity and growth, which is closely monitored by policymakers, businesses, and analysts to inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Quarterly GSP trends are used by state governments and economists to inform fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical release delay of 2-3 months after the end of each quarter.
Related Trends
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Average Weekly Hours of All Employees: Financial Activities in Alabama
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Average Weekly Earnings of All Employees: Goods Producing in Alabama
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Per Capita Personal Consumption Expenditures: Services: Other Services for Alabama
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Number of Identified Exporters to Ireland from Alabama
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Durable Manufacturing Earnings in Alabama
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (ALMANQQGSP), retrieved from FRED.