Chain-Type Quantity Index for Real GDP: Private Industries in Iowa
IAPIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.48
Year-over-Year Change
19.34%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Iowa measures the real output of Iowa's private sector. This metric is crucial for understanding the state's economic growth and productivity.
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 tracks the real GDP, or total inflation-adjusted economic output, generated by Iowa's private businesses and industries. It provides a comprehensive gauge of the state's private sector performance and is a key indicator used by economists and policymakers.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
The Real GDP: Private Industries index helps inform policy decisions and business strategies in Iowa.
Key Facts
- The index uses 2012 as the base year.
- Iowa's private sector GDP grew by 2.8% in 2021.
- The index has been published quarterly since 2005.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Iowa measures the real output of the state's private sector businesses and industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into Iowa's economic growth and productivity, helping inform policy decisions and business strategies.
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.
Q: How is this trend used in economic policy?
A: The Real GDP: Private Industries index is used by economists and policymakers to gauge the performance of Iowa's private sector and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical release delay of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Iowa (IAPIQGSP), retrieved from FRED.