Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Connecticut
Quarterly, Seasonally Adjusted
CTACCOMDQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.54
Year-over-Year Change
5.16%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures quarterly, seasonally adjusted nominal Gross State Product (GSP) in the commodities sector. It is an important indicator of overall state-level economic activity and productivity.
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 Quarterly, Seasonally Adjusted series tracks the nominal value added by the commodities sector, which includes agriculture, mining, and utilities, within each U.S. state's Gross State Product. Economists and policymakers use this data to analyze sectoral contributions to state-level economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates and seasonal adjustment techniques.
Historical Context
This trend provides insights into the performance of key commodity-producing industries within state economies, informing policy decisions and investment strategies.
Key Facts
- Covers all 50 U.S. states and Washington D.C.
- Quarterly data available from 2005 to present
- Commodities sector includes agriculture, mining, and utilities
FAQs
Q: What does this economic trend measure?
A: This trend measures the nominal, seasonally adjusted Gross State Product (GSP) contributed by the commodities sector, including agriculture, mining, and utilities, for each U.S. state on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This data is valuable for economists and policymakers to assess the performance and contribution of key commodity-producing industries within state economies, informing economic policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates and seasonal adjustment techniques.
Q: How is this trend used in economic policy?
A: This trend provides insights into the commodities sector's contribution to state-level economic activity, which can inform policy decisions related to industries such as agriculture, mining, and utilities.
Q: Are there update delays or limitations?
A: The data is updated quarterly and is available from 2005 to the present, with a potential delay of several months in the most recent data release.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (CTACCOMDQQGSP), retrieved from FRED.