Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Illinois
ILOTHSERVERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,665.00
Year-over-Year Change
-8.39%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) industry in Illinois. It provides insight into the economic performance and growth of this important sector.
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 other services (except government and government enterprises) industry encompasses a diverse range of activities, including personal and laundry services, religious organizations, grantmaking and civic organizations, and repair and maintenance services. This metric offers valuable data on the health and dynamics of this segment of the Illinois economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the overall economic conditions and growth prospects in Illinois.
Key Facts
- The other services industry accounts for approximately 4% of Illinois' total GDP.
- This sector has experienced steady growth in recent years, outpacing the overall state economy.
- Personal and laundry services make up the largest subsector within other services in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) industry in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and growth of an important segment of the Illinois economy, informing policymakers, businesses, and researchers about the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to assess the overall economic conditions and growth prospects in Illinois, informing policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with some potential for minor revisions over time. There may be slight lags in the availability of the most recent data.
Related Trends
Poverty Universe, Age 0-4 for Illinois
PUA0T4IL17000A647NCEN
State Government Tax Collections, Tobacco Products - Selective Sales Taxes in Illinois
ILTOBACTAX
All Employees: Total Private in Illinois
SMS17000000500000026
Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Illinois
EMISSCO2VHLACBILA
Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Illinois
U5UNEM5IL
Value of Exports to Australia from Illinois
ILAUSA052SCEN
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Illinois (ILOTHSERVERQGSP), retrieved from FRED.