Chain-Type Quantity Index for Real GDP: Construction (23) in Louisiana
LACONSTQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.93
Year-over-Year Change
3.38%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Construction (23) in Louisiana measures the real output of the construction sector in Louisiana. This metric is important for economists and policymakers to understand the state's economic performance and growth.
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 Chain-Type Quantity Index for Real GDP: Construction (23) in Louisiana is a measure of the real, inflation-adjusted output of the construction industry in the state. It provides insight into the growth and productivity of this key sector, which is crucial for infrastructure, housing, and overall economic development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Historical Context
Policymakers and analysts use this metric to assess the health and trajectory of Louisiana's construction industry and its broader economic implications.
Key Facts
- Louisiana's construction GDP index stood at 121.63 in 2022 Q2.
- The index has increased by 8.4% over the past year.
- Construction accounts for over 5% of Louisiana's total real GDP.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Construction (23) in Louisiana measures the real, inflation-adjusted output of the construction sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the growth and productivity of Louisiana's construction industry, which is a key driver of the state's economic development and infrastructure.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted approach to measure real GDP by industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and trajectory of Louisiana's construction industry and its broader economic implications.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Construction (23) in Louisiana (LACONSTQQGSP), retrieved from FRED.