Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Iowa
IAPRIGOODPROQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.82
Year-over-Year Change
6.27%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Iowa measures the inflation-adjusted output of private goods-producing industries in the state. This metric is a key indicator of economic activity 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 output of private goods-producing industries in Iowa, including manufacturing, mining, and construction. It is used by economists and policymakers to assess the health and growth of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This economic indicator informs decisions around fiscal and monetary policy, as well as investment and business planning.
Key Facts
- The index is benchmarked to 2012 as the base year.
- Iowa's private goods-producing industries account for over 25% of the state's GDP.
- The index has shown modest growth in recent years, reflecting gradual economic expansion.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of private goods-producing industries in the state of Iowa, including manufacturing, mining, and construction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and productivity in Iowa, providing insights into the health and growth of the state's economy.
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-weighted methodology.
Q: How is this trend used in economic policy?
A: This economic indicator informs decisions around fiscal and monetary policy, as well as investment and business planning.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Bureau of Economic Analysis, with minimal update delays.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Iowa (IAPRIGOODPROQGSP), retrieved from FRED.