Gross Domestic Product: Federal Civilian in Arizona
AZGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,045.30
Year-over-Year Change
66.71%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Gross Domestic Product: Federal Civilian in Arizona' series measures the economic output generated by federal civilian employees in the state of Arizona. This data is crucial for understanding the role of the public sector in the 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
This series provides a measure of the economic activity and productivity of federal civilian workers in Arizona. It is used by economists, policymakers, and researchers to analyze the contribution of the public sector to the state's overall economic performance.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Trends in federal civilian GDP can inform decisions around government spending, employment, and policy in Arizona.
Key Facts
- Arizona's federal civilian GDP was $16.1 billion in 2021.
- Federal civilian employment accounts for 3.2% of total employment in Arizona.
- Federal civilian GDP in Arizona has grown by 18% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the economic output generated by federal civilian employees working in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the role of the public sector in Arizona's economy and informing decisions around government spending and employment policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Trends in federal civilian GDP in Arizona can inform decisions around government spending, employment, and policy in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in Arizona (AZGOVFEDCIVNGSP), retrieved from FRED.