Gross Domestic Product: All Industry Total in Louisiana
Quarterly, Seasonally Adjusted Annual Rate
LANQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333,746.00
Year-over-Year Change
16.35%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (LANQGSP) measures the total output of goods and services produced by labor and property located in the United States. It is a key indicator of economic growth and helps policymakers assess the overall health of the U.S. economy.
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 Annual Rate (LANQGSP) is a widely-used measure of gross domestic product (GDP) that adjusts for seasonal variations and expresses the data as an annualized rate. It provides a comprehensive overview of economic production and is a crucial metric for analyzing economic trends and formulating policy.
Methodology
The data is collected through surveys of businesses and government agencies and then adjusted for seasonal factors.
Historical Context
Economists and policymakers closely monitor LANQGSP to gauge the performance of the U.S. economy and inform decisions on fiscal and monetary policy.
Key Facts
- LANQGSP is reported quarterly by the U.S. Bureau of Economic Analysis.
- The annualized rate helps compare economic performance across different time periods.
- LANQGSP is a crucial input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (LANQGSP) measures the total output of goods and services produced in the United States, adjusted for seasonal variations and expressed as an annualized rate.
Q: Why is this trend relevant for users or analysts?
A: LANQGSP is a key indicator of economic growth and overall economic health, making it crucial for policymakers, investors, and analysts to monitor and interpret.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and government agencies and then adjusted for seasonal factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor LANQGSP to gauge the performance of the U.S. economy and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: LANQGSP is reported quarterly by the U.S. Bureau of Economic Analysis, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (LANQGSP), retrieved from FRED.