Real Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Arizona
Quarterly, Seasonally Adjusted Annual Rate
AZMINRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,076.40
Year-over-Year Change
-26.31%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' series measures the total output of the U.S. economy on an annualized basis. It is a key indicator used by policymakers and analysts to assess the overall health and growth trajectory of the national 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 GDP-based metric provides a comprehensive measure of economic activity, including consumer spending, business investment, government spending, and net exports. It is seasonally adjusted to account for regular fluctuations and reported as an annualized rate to project a full year's economic output.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Historical Context
The 'Quarterly, Seasonally Adjusted Annual Rate' is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal decisions.
Key Facts
- The U.S. economy grew at an annualized rate of 2.9% in Q4 2022.
- GDP expanded by 6.9% in 2021, rebounding from a 3.4% contraction in 2020.
- The Federal Reserve closely tracks this metric to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted Annual Rate' series measures the total output of the U.S. economy on an annualized basis, providing a comprehensive metric of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This GDP-based indicator is a key benchmark used by policymakers, economists, and market analysts to assess the overall health and growth trajectory of the national economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: The 'Quarterly, Seasonally Adjusted Annual Rate' is closely monitored by the Federal Reserve and other policymakers to inform monetary and fiscal decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (AZMINRQGSP), retrieved from FRED.