Chain-Type Quantity Index for Real GDP: All Industry Total in Arizona
AZQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.57
Year-over-Year Change
7.96%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: All Industry Total in Arizona tracks the inflation-adjusted economic output of all industries in the state. This metric is a key indicator of Arizona's overall economic health and growth.
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 Chain-Type Quantity Index measures the total real output of Arizona's economy, adjusting for inflation. It represents the volume of goods and services produced, providing insights into the state's economic performance and productivity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and analysts use this index to evaluate Arizona's economic conditions and make informed decisions.
Key Facts
- Arizona's real GDP index reached a record high in 2021.
- The index has grown by an average of 3% annually over the past decade.
- The index is a volume measure, not a dollar value.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: All Industry Total in Arizona measures the inflation-adjusted total economic output of all industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive view of Arizona's economic performance and is a key indicator used by policymakers, businesses, and economists to evaluate the state's economic conditions and growth.
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 modeling.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and institutions use this index to assess Arizona's economic conditions, make informed decisions, and develop policies to support the state's economic growth and development.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a delay of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: All Industry Total in Arizona (AZQQGSP), retrieved from FRED.