Gross Domestic Product: Information (51) in North Carolina
Quarterly, Seasonally Adjusted Annual Rate
NCINFONQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,490.60
Year-over-Year Change
20.50%
Date Range
1/1/2005 - 1/1/2025
Summary
This quarterly economic series measures the seasonally adjusted annual rate of nominal gross state product (GSP), providing a comprehensive view of economic activity across U.S. states.
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
Nominal GSP is a widely-used indicator of a state's overall economic output, aggregating the market value of all goods and services produced within that state's borders. Tracking this metric over time offers insights into regional economic trends and performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and analysts rely on GSP data to assess a state's economic health, guide fiscal and investment decisions, and benchmark performance against national trends.
Key Facts
- Nominal GSP measures the total dollar value of all goods and services produced in a state.
- The data is reported on a seasonally adjusted, annualized basis to account for quarterly fluctuations.
- GSP is a key indicator of a state's economic size, performance, and contribution to the national economy.
FAQs
Q: What does this economic trend measure?
A: This series tracks the seasonally adjusted annual rate of nominal gross state product (GSP), which represents the total dollar value of all goods and services produced within a U.S. state's borders.
Q: Why is this trend relevant for users or analysts?
A: Nominal GSP is a widely-used indicator of a state's overall economic activity and performance, providing insights that are crucial for policymakers, investors, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts rely on GSP data to assess a state's economic health, guide fiscal and investment decisions, and benchmark performance against national trends.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a delay of several months to allow for comprehensive data collection and processing.
Related Trends
Real Gross Domestic Product: Health Care and Social Assistance (62) in North Carolina
NCHLTHSOCASSRGSP
Educational Services Earnings in North Carolina
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Per Capita Personal Consumption Expenditures: Services: Health Care for North Carolina
NCPCEPCHLTHCARE
All Employees: Employment Services in North Carolina
SMU37000006056130001A
Real Gross Domestic Product: Accommodation and Food Services (72) in North Carolina
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Per Capita Personal Consumption Expenditures: Services: Recreation Services for North Carolina
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (NCINFONQGSP), retrieved from FRED.