Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Louisiana
LAGOVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.34
Year-over-Year Change
-6.08%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Louisiana measures the inflation-adjusted output of the government sector in the state's economy. This metric is crucial for policymakers to analyze the public sector's contribution to overall economic 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
This index tracks the volume of goods and services produced by Louisiana's government and government enterprises, adjusted for inflation. It provides a gauge of the real economic activity generated by the public sector, which is an important component of the state's GDP.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula to account for changes in the relative prices of government goods and services.
Historical Context
This index is used by economists and policymakers to assess the fiscal health and economic impact of Louisiana's public sector.
Key Facts
- The index is rebased to 2012=100.
- Louisiana's government sector accounts for around 15% of the state's total GDP.
- The index has shown modest growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output of Louisiana's government and government enterprises, providing a gauge of the real economic activity generated by the public sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to analyze the contribution of the public sector to Louisiana's overall economic growth and performance.
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 formula to account for changes in the relative prices of government goods and services.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to assess the fiscal health and economic impact of Louisiana's public sector, informing decisions about government spending and investment.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with typical release delays of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Louisiana (LAGOVQGSP), retrieved from FRED.