Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Colorado
COGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.80
Year-over-Year Change
10.42%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Colorado measures the real output of the government and government enterprises sector in the state. This index is a key indicator of the economic activity and productivity of the public sector.
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 is a chained-dollar measure of the volume of real GDP from the government and government enterprises industry in Colorado. It allows for analysis of the state's public sector performance and contribution to overall economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using the chained-dollar method.
Historical Context
This index is used by policymakers, economists, and analysts to assess the role of the public sector in Colorado's economy.
Key Facts
- Colorado's government GDP index has increased by 12% since 2010.
- The government sector accounts for 12% of Colorado's total real GDP.
- This index is updated quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Colorado measures the real output of the government and government enterprises sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the economic activity and productivity of the public sector in Colorado, which is crucial for policymakers, economists, and analysts to assess the role of the government in the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using the chained-dollar method.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, economists, and analysts to assess the role of the public sector in Colorado's economy and inform economic policies.
Q: Are there update delays or limitations?
A: This index is updated quarterly by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Colorado (COGOVQQGSP), retrieved from FRED.