Real Gross Domestic Product: Government and Government Enterprises (92) in Connecticut
CTGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,971.40
Year-over-Year Change
3.84%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) generated by the government and government enterprises sector in the state of Connecticut. It is an important indicator for understanding the role of the public sector in the state's economic activity.
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 Gross Domestic Product: Government and Government Enterprises (92) in Connecticut series provides a measure of the inflation-adjusted economic output from the government and government enterprises sector within the state. This data point is useful for analyzing the relative size and contribution of the public sector to Connecticut's overall economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Policymakers and analysts use this trend to gauge the fiscal health and economic impact of the government sector in Connecticut.
Key Facts
- Connecticut's government sector accounts for over 12% of the state's total GDP.
- Real government GDP in Connecticut has grown by an average of 2.5% annually over the past decade.
- The government and government enterprises sector is the third-largest contributor to Connecticut's overall economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) generated by the government and government enterprises sector in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and economic impact of the public sector in Connecticut, which is useful for policymakers, economists, and others analyzing the state's fiscal and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the fiscal health and economic impact of the government sector in Connecticut, which can inform decisions on taxation, spending, and other policy levers.
Q: Are there update delays or limitations?
A: This data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Connecticut (CTGOVRQGSP), retrieved from FRED.