Value-Added Output for Private Nonfarm in Louisiana
IPUZNT300220000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
269,890.41
Year-over-Year Change
39.07%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output for Private Nonfarm in Louisiana measures the inflation-adjusted total value of goods and services produced by private businesses in the state, excluding agriculture. This metric is a key indicator of Louisiana's economic performance 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
Value-added output represents the economic contribution of a region's private businesses, excluding the impact of public sector activity. Analyzing trends in this measure helps economists and policymakers assess the health and growth potential of Louisiana's private economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of private businesses.
Historical Context
Value-added output is used to gauge the overall economic strength of Louisiana and inform decisions around fiscal, monetary, and development policies.
Key Facts
- Louisiana's value-added output peaked at $301 billion in 2019.
- The private nonfarm sector accounts for over 80% of Louisiana's total economic output.
- Value-added output contracted by 4.5% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output for Private Nonfarm in Louisiana measures the total inflation-adjusted value of goods and services produced by private businesses in the state, excluding agriculture.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Louisiana's private sector economic performance and productivity, which is crucial for assessing the state's overall economic health and growth potential.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of private businesses in Louisiana.
Q: How is this trend used in economic policy?
A: Value-added output is used by economists and policymakers to gauge the strength of Louisiana's private economy and inform decisions around fiscal, monetary, and economic development policies.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Value-Added Output for Private Nonfarm in Louisiana (IPUZNT300220000), retrieved from FRED.