Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Arizona
AZOTHSERVERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,099.10
Year-over-Year Change
-4.66%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) industry in Arizona. It provides insights into the performance of this key service sector within 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
The real GDP of the other services (except government and government enterprises) industry in Arizona reflects the economic output and growth of businesses and organizations that provide a wide range of personal and professional services, such as repair and maintenance, personal care, and religious and civic activities. This data is used by economists and policymakers to assess the health and trajectory of Arizona's service-based economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources and statistical methods.
Historical Context
This economic trend is closely monitored by state and local government officials, as well as businesses and investors, to inform policy decisions and investment strategies.
Key Facts
- Arizona's other services industry accounts for over 5% of the state's total GDP.
- The real GDP of this sector has grown by an average of 3% annually over the past decade.
- The other services industry in Arizona employs over 150,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and growth of a key service-based sector within Arizona's economy, which is valuable information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources and statistical methods.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and local government officials to inform policy decisions and investment strategies related to Arizona's service-based economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Arizona (AZOTHSERVERQGSP), retrieved from FRED.