Chain-Type Quantity Index for Real GDP: Educational Services (61) in Arkansas
Annual, Not Seasonally Adjusted
AREDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.37
Year-over-Year Change
7.41%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the level of real gross state product (GSP) without seasonal adjustments. GSP is a key indicator of economic activity and productivity within a U.S. state or territory.
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
Real GSP is a comprehensive measure of the total economic output of a state, including goods and services produced. This unadjusted annual data provides insight into long-term economic trends and growth patterns across different regions.
Methodology
GSP data is collected from state-level surveys and other government sources by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists use real GSP to evaluate state-level economic performance and inform regional development strategies.
Key Facts
- Real GSP is adjusted for inflation to enable comparison over time.
- GSP data is reported at the state and territory level for the entire United States.
- Analysts use unadjusted GSP to identify long-term economic growth trends
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the level of real gross state product (GSP) without seasonal adjustments. GSP is a comprehensive indicator of economic activity and productivity within a U.S. state or territory.
Q: Why is this trend relevant for users or analysts?
A: This unadjusted annual GSP data provides insight into long-term economic growth patterns and regional development across different states and territories. Policymakers and economists use this information to evaluate state-level economic performance.
Q: How is this data collected or calculated?
A: The GSP data is collected from state-level surveys and other government sources by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use real GSP data to inform regional development strategies and evaluate state-level economic performance over time.
Q: Are there update delays or limitations?
A: There may be publication delays for the most recent annual GSP data, as it requires comprehensive state-level surveys and analysis by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AREDCATQGSP), retrieved from FRED.