Chain-Type Quantity Index for Real GDP: Construction (23) in Arizona
Quarterly, Seasonally Adjusted
AZCONSTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.94
Year-over-Year Change
9.33%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the inflation-adjusted gross state product (GSP) of the construction industry in Arizona. It provides valuable insights into the state's economic activity and is closely monitored by policymakers and economists.
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 series tracks the real GSP for the construction sector in Arizona. This indicator is used to assess the overall health and performance of the state's construction industry, which is a key driver of economic growth and employment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using a variety of statistical methods and economic models.
Historical Context
The construction industry GSP is an important metric for understanding Arizona's economic conditions and is often used by policymakers, investors, and analysts to inform decision-making.
Key Facts
- Arizona's construction GSP is a key indicator of the state's economic health.
- The construction industry is a major employer and driver of economic activity in Arizona.
- Quarterly, Seasonally Adjusted data provides timely insights into the construction sector's performance.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the inflation-adjusted gross state product (GSP) of the construction industry in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and health of Arizona's construction industry, which is a critical component of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using a variety of statistical methods and economic models.
Q: How is this trend used in economic policy?
A: The construction industry GSP is closely monitored by policymakers, investors, and analysts to inform decision-making and understand the broader economic conditions in Arizona.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted data is released on a timely basis, but may be subject to revisions and limitations inherent in economic data collection and modeling.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (AZCONSTQQGSP), retrieved from FRED.