Gross Domestic Product: All Industry Total in Louisiana
LANGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
327,782.10
Year-over-Year Change
38.91%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: All Industry Total in Louisiana measures the total economic output of all industries in the state. It is a key indicator of Louisiana's overall economic health 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
This metric represents the total value of goods and services produced within Louisiana, encompassing all private and public economic activity. It is widely used by economists and policymakers to analyze the state's economic trends and guide policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Historical Context
The GDP All Industry Total for Louisiana is a crucial data point for understanding the state's economic conditions and its position relative to national trends.
Key Facts
- Louisiana's GDP reached $258 billion in 2021.
- The state's economy grew by 2.3% in 2021 after contracting in 2020.
- The largest industry sectors in Louisiana are oil and gas, healthcare, and manufacturing.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: All Industry Total in Louisiana measures the total economic output of all industries within the state, including private and public sector activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Louisiana's overall economic health and performance, providing important insights for economists, policymakers, and businesses operating in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sector sources.
Q: How is this trend used in economic policy?
A: The GDP All Industry Total for Louisiana is used by policymakers and economists to analyze the state's economic conditions, guide policy decisions, and understand its position relative to national economic trends.
Q: Are there update delays or limitations?
A: The GDP data for Louisiana is published quarterly by the Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: All Industry Total in Louisiana (LANGSP), retrieved from FRED.