Real Gross Domestic Product: Government and Government Enterprises (92) in Indiana
INGOVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,804.00
Year-over-Year Change
12.16%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the government and government enterprises sector in Indiana. It provides insight into the economic activity and output of the public sector in the state.
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 Real Gross Domestic Product: Government and Government Enterprises (92) in Indiana metric tracks the inflation-adjusted total economic output of the government sector, including federal, state, and local agencies, as well as government-owned enterprises. This data is a key indicator of the size and influence of the public sector in Indiana's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to evaluate the economic impact of government activity and inform decisions around public spending, taxation, and service provision.
Key Facts
- Indiana's government and government enterprises accounted for 12.2% of the state's GDP in 2021.
- This trend has shown steady growth, increasing by 3.2% annually on average over the past decade.
- The public sector makes up a larger share of Indiana's economy compared to the national average of 11.9%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the government and government enterprises sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and economic impact of the public sector in Indiana, which is useful for policymakers, economists, and investors in understanding the state's economic landscape.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the economic impact of government activity and inform decisions around public spending, taxation, and service provision.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Indiana (INGOVRGSP), retrieved from FRED.