Chain-Type Quantity Index for Real GDP: Information (51) in Louisiana
Quarterly, Seasonally Adjusted
LAINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.26
Year-over-Year Change
-3.81%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly Seasonally Adjusted Gross State Product (GSP) measures the total economic output of each U.S. state on a quarterly basis. This key indicator provides valuable insights into regional economic trends and 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
The Quarterly Seasonally Adjusted GSP represents the market value of all goods and services produced within a state's economy in a given quarter. It is a comprehensive measure of economic activity used by policymakers, analysts, and businesses to assess state-level growth, identify industry shifts, and inform economic decisions.
Methodology
The Bureau of Economic Analysis (BEA) collects and calculates the Quarterly Seasonally Adjusted GSP data based on surveys and econometric modeling.
Historical Context
The GSP data is widely referenced to gauge the health of state economies and inform policy decisions at the regional level.
Key Facts
- The GSP measures the total economic output of each U.S. state.
- It is calculated on a quarterly basis to track regional economic performance.
- The data is used by policymakers and analysts to assess state-level growth.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Seasonally Adjusted Gross State Product (GSP) measures the total economic output of each U.S. state on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GSP data provides valuable insights into regional economic trends and performance, which is used by policymakers, analysts, and businesses to assess state-level growth, identify industry shifts, and inform economic decisions.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) collects and calculates the Quarterly Seasonally Adjusted GSP data based on surveys and econometric modeling.
Q: How is this trend used in economic policy?
A: The GSP data is widely referenced to gauge the health of state economies and inform policy decisions at the regional level.
Q: Are there update delays or limitations?
A: The Quarterly Seasonally Adjusted GSP data is published with a lag, but provides a comprehensive measure of state-level economic activity.
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Projected Business Formations Within Eight Quarters: Total for All NAICS in Louisiana
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Gross Domestic Product: Construction (23) in Louisiana
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Citation
U.S. Bureau of Economic Analysis, Quarterly Seasonally Adjusted Gross State Product (LAINFOQQGSP), retrieved from FRED.