Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Iowa
IAMINQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.69
Year-over-Year Change
-23.50%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Iowa measures the real output of this economic sector in the state. It is an important indicator for understanding Iowa's economic performance and energy production.
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 output, adjusted for inflation, of the mining, quarrying, and oil and gas extraction industry in Iowa. It is a key statistic for analyzing the state's energy and natural resource sectors and their contribution to the overall economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This economic trend is closely watched by policymakers, industry analysts, and investors to gauge the health and outlook of Iowa's energy and natural resource industries.
Key Facts
- Iowa is a major energy-producing state.
- The mining and extraction sector accounts for a significant portion of the state's GDP.
- This index is a reliable indicator of activity in Iowa's natural resource industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the mining, quarrying, and oil and gas extraction industry in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the performance and contribution of Iowa's energy and natural resource sectors to the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and investors to gauge the health and outlook of Iowa's energy and natural resource industries, which are crucial to the state's economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent information.
Related Trends
Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Iowa
IADATAWWWNGSP
Chain-Type Quantity Index for Real GDP: Electrical Equipment, Appliance, and Component Manufacturing (335) in Iowa
IAELCEQAPMANQGSP
Value of Exports to Italy from Iowa
IAITAA052SCEN
Gross Domestic Product: Construction (23) in Iowa
IACONSTNQGSP
Coefficient for Residential Carbon Dioxide Emissions, Distillate Fuel for Iowa
EMISSCO2CDFRCBIAA
Coefficient for Industrial Carbon Dioxide Emissions, Distillate Fuel for Iowa
EMISSCO2CDFICBIAA
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Mining, Quarrying, and Oil and Gas Extraction (21) in Iowa (IAMINQQGSP), retrieved from FRED.