Chain-Type Quantity Index for Real GDP: Educational Services (61) in Louisiana
LAEDCATQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.64
Year-over-Year Change
7.73%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Louisiana measures the inflation-adjusted output of the educational services sector in the state. This metric is important for economists and policymakers to evaluate the health and productivity of Louisiana's educational industry.
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
This index tracks the real output of educational services in Louisiana, which encompasses activities such as primary, secondary, and higher education. It is a key indicator for understanding the economic contribution and performance of the state's education sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
This metric is used to inform economic and education policy decisions at the state level.
Key Facts
- Louisiana's educational services sector accounts for 4.2% of the state's total GDP.
- The index has grown by 8.3% over the past 5 years, indicating rising productivity.
- Educational services are a major employer in Louisiana, accounting for over 100,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output or real GDP of the educational services sector in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the economic performance and contribution of Louisiana's education industry, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: This index informs state-level economic and education policy decisions in Louisiana by providing insights into the productivity and output of the educational services sector.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis with a typical delay of 3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Louisiana (LAEDCATQGSP), retrieved from FRED.