Real Gross Domestic Product: Federal Civilian in Louisiana
LAGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,303.70
Year-over-Year Change
8.92%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Federal Civilian in Louisiana' trend measures the real output of the federal civilian sector in the state of Louisiana. This statistic is an important indicator of the economic activity and productivity generated by the federal government's civilian operations in the region.
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 economic indicator represents the real, inflation-adjusted GDP contribution of the federal civilian workforce in Louisiana. It is used by economists and policymakers to analyze the size and productivity of the public sector's economic footprint in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Historical Context
This trend provides insight into the role of the federal government as an employer and economic driver in Louisiana.
Key Facts
- Louisiana's federal civilian GDP was $10.4 billion in 2021.
- This trend has grown at an average annual rate of 1.8% since 2001.
- The federal civilian sector accounts for 4.3% of Louisiana's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted GDP contribution of the federal civilian workforce in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and productivity of the public sector's economic footprint in Louisiana, which is useful for economists and policymakers analyzing 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 surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the role of the federal government as an employer and economic driver in Louisiana.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Louisiana (LAGOVFEDCIVRGSP), retrieved from FRED.