Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Florida
FLGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.37
Year-over-Year Change
9.83%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Florida measures the volume of economic output generated by the government sector in the state. This metric is critical for policymakers and economists to understand the role of public institutions in Florida's economic growth and development.
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 index provides a comprehensive measure of the real, inflation-adjusted economic activity of the government and government enterprises sector in Florida. It is a valuable tool for analyzing the state's economic structure and the performance of public institutions over time.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology that adjusts for price changes.
Historical Context
This index helps inform fiscal and economic policies related to the government's role in Florida's economy.
Key Facts
- The index uses 2012 as the base year.
- Florida's government sector accounts for approximately 12% of the state's GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the volume of real economic output generated by the government and government enterprises sector in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the role of public institutions in Florida's economic growth and informing fiscal and economic policies related to the government's impact.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology that adjusts for price changes.
Q: How is this trend used in economic policy?
A: This index helps policymakers and economists analyze the government's contribution to Florida's economic structure and performance, which informs fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a short lag time. There may be revisions to historical data as part of the Bureau of Economic Analysis' regular updates.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Florida (FLGOVQQGSP), retrieved from FRED.