Real Gross Domestic Product: Construction (23) in Illinois
Quarterly, Seasonally Adjusted Annual Rate
ILCONSTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,054.20
Year-over-Year Change
-4.79%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (ILCONSTRQGSP) measures the seasonally adjusted, annualized rate of construction investment in the United States. This metric is closely watched by economists and policymakers to gauge the health of the construction sector and overall economic 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
The Quarterly, Seasonally Adjusted Annual Rate (ILCONSTRQGSP) represents the seasonally adjusted, annualized level of investment in construction activity in the U.S. economy. This data series is used to analyze trends and shifts in construction investment, which is a key component of overall economic growth and investment.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
Analysts and policymakers track this metric to assess the strength of the construction industry and broader macroeconomic conditions.
Key Facts
- Construction investment accounts for roughly 4% of U.S. GDP.
- Seasonally adjusted data smooths out regular fluctuations.
- Annualizing the rate provides a standardized comparison.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (ILCONSTRQGSP) measures the seasonally adjusted, annualized level of investment in construction activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a gauge of the health of the construction sector and 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 national accounts information.
Q: How is this trend used in economic policy?
A: Analysts and policymakers track this metric to assess the strength of the construction industry and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, providing timely information on construction investment trends.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ILCONSTRQGSP), retrieved from FRED.