Gross Domestic Product: Educational Services (61) in Louisiana
LAEDCATNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,369.40
Year-over-Year Change
12.68%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Educational Services (61) in Louisiana' series measures the total economic output of the educational services industry in Louisiana. This metric is crucial for understanding the contribution of this sector to the state's 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 educational services industry encompasses a wide range of educational institutions, including public and private schools, colleges, universities, and vocational training centers. This series provides valuable insights into the economic performance and trends within this important industry in Louisiana.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists use this data to evaluate the economic health and competitiveness of Louisiana's educational services sector.
Key Facts
- Louisiana's educational services industry accounts for over 4% of the state's total GDP.
- The sector has experienced steady growth, expanding by 2.5% annually on average over the past decade.
- Educational services are a significant employer in Louisiana, accounting for more than 120,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This series measures the total economic output or Gross Domestic Product (GDP) of the educational services industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: The educational services industry is a crucial component of Louisiana's economy, and this data provides important insights into the performance and contribution of this sector.
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 economists use this data to evaluate the economic health and competitiveness of Louisiana's educational services sector, which informs policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately three months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Educational Services (61) in Louisiana (LAEDCATNQGSP), retrieved from FRED.