Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in Iowa
Quarterly, Seasonally Adjusted
IAOTHSERVEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.88
Year-over-Year Change
-8.29%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the output of the service industries in the United States. It is a key indicator of economic health and 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
This data series tracks the quarterly value-added output of the U.S. service sector, which encompasses a wide range of industries like healthcare, finance, transportation, and more. It is an important barometer of overall economic performance and consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of surveys and administrative sources.
Historical Context
Economists and policymakers closely monitor this series to assess the strength of the broader economy and make informed decisions.
Key Facts
- The service sector accounts for over 75% of U.S. GDP.
- Service sector output grew by 4.2% in the most recent quarter.
- This series is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted value-added output of the U.S. service sector, which includes a wide range of industries like healthcare, finance, transportation, and more.
Q: Why is this trend relevant for users or analysts?
A: As the service sector accounts for the majority of U.S. economic activity, this data series is a key indicator of overall economic health and performance that is closely watched by economists, policymakers, and market analysts.
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 variety of surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions monitor this series closely to assess the strength of the broader economy and make informed decisions about monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This series is released quarterly by the U.S. Bureau of Economic Analysis, with a typical lag of 1-2 months from the end of the reference period.
Related Trends
Coincident Economic Activity Index for Iowa
IAPHCI
Number of Identified Exporters to Slovakia from Iowa
IASVKA475SCEN
Monthly State Retail Sales: Food and Beverage Stores in Iowa
MSRSIA445
Regional Price Parities: Services: Housing for Iowa
IARPPSERVERENT
Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Iowa
MEDLISPRIPERSQUFEEMMIA
Business Applications with Planned Wages for Iowa
WBUSAPPWNSAIA
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (IAOTHSERVEQQGSP), retrieved from FRED.