Real Gross Domestic Product: Educational Services (61) in Arkansas
Annual, Not Seasonally Adjusted
AREDCATRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
879.90
Year-over-Year Change
7.41%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the real gross state product (GSP) for the United States. GSP is a key economic indicator that tracks the total economic output of each 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
This series provides a comprehensive overview of economic activity at the state level, offering insights into regional growth trends and variations across the country. It is widely used by economists, policymakers, and businesses to analyze state-level economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on a variety of economic indicators and surveys.
Historical Context
Analysts and policymakers use this data to inform economic policy decisions and understand the drivers of regional economic growth.
Key Facts
- Real GSP measures the inflation-adjusted total economic output of a state.
- The U.S. has a diverse regional economy, with significant variations in state-level GDP.
- GSP data is used to allocate federal funding and guide economic development policies.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the real gross state product (GSP) for the United States, which is a comprehensive indicator of state-level economic activity and output.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding regional economic dynamics, informing policy decisions, and analyzing state-level growth and performance trends.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on a variety of economic indicators and surveys.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this GSP data to guide economic development strategies, allocate federal funding, and make informed decisions about regional economic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic conditions in each state.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (AREDCATRGSP), retrieved from FRED.