Gross Domestic Product: All Industry Total in Connecticut
Quarterly, Seasonally Adjusted Annual Rate
CTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
375,041.20
Year-over-Year Change
20.14%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (CTNQGSP) measures the annualized growth rate of real gross state product on a quarterly basis, providing insights into the overall economic performance of U.S. states.
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
This economic trend represents the annualized rate of change in real gross state product, which is a comprehensive measure of the total economic output within a given state. Economists and policymakers closely monitor this data to assess the health and trajectory of state-level economies.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Historical Context
The CTNQGSP trend is a key input for policymakers and analysts evaluating state-level economic conditions and policies.
Key Facts
- The CTNQGSP trend is reported on a quarterly basis.
- It measures the annualized growth rate of real gross state product.
- This data is used to assess the health of state-level economies.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (CTNQGSP) measures the annualized growth rate of real gross state product on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall economic performance of U.S. states, which is crucial for policymakers and analysts evaluating state-level economic conditions and policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys and economic models.
Q: How is this trend used in economic policy?
A: The CTNQGSP trend is a key input for policymakers and analysts evaluating state-level economic conditions and policies.
Q: Are there update delays or limitations?
A: The CTNQGSP data is reported on a quarterly basis, and there may be some delays in the release of the latest information.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (CTNQGSP), retrieved from FRED.