Real Gross Domestic Product: Government and Government Enterprises (92) in Louisiana
LAGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,787.90
Year-over-Year Change
5.18%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Government and Government Enterprises (92) in Louisiana measures the inflation-adjusted economic output of the government sector in Louisiana. This metric is crucial for understanding the role of the public sector in the state's overall economic performance.
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 series represents the real (inflation-adjusted) value added by the government and government enterprises industry in Louisiana. It is a component of the state's overall gross domestic product and provides insight into the economic contribution of the public sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this metric to assess the fiscal health and economic impact of the government sector in Louisiana.
Key Facts
- The government sector accounts for approximately 15% of Louisiana's GDP.
- Real government GDP in Louisiana has grown by an average of 2.5% per year over the past decade.
- The public sector is a major employer in Louisiana, accounting for over 300,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) value added by the government and government enterprises industry in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic contribution of the public sector in Louisiana, which is crucial for understanding the state's overall economic performance and the role of government.
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 analysts use this metric to assess the fiscal health and economic impact of the government sector in Louisiana, informing decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Louisiana (LAGOVRQGSP), retrieved from FRED.