Gross Domestic Product: Private Industries in Louisiana
Annual, Not Seasonally Adjusted
LAPINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
292,209.40
Year-over-Year Change
39.76%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the gross domestic product (GDP) growth rate in percentage terms. This metric is crucial for understanding the overall health and trajectory 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 Annual, Not Seasonally Adjusted GDP growth rate tracks the year-over-year change in the total value of goods and services produced within the United States. It provides a high-level snapshot of economic performance without accounting for seasonal fluctuations.
Methodology
The U.S. Bureau of Economic Analysis calculates this metric based on comprehensive national income and product account data.
Historical Context
Policymakers and analysts use the Annual, Not Seasonally Adjusted GDP growth rate to inform economic forecasting, monetary policy decisions, and assessments of the broader macroeconomic environment.
Key Facts
- The U.S. GDP grew by 5.7% in 2021 on an annual, non-seasonally adjusted basis.
- Quarterly GDP growth rates can be volatile, so the annual trend provides a more stable assessment of economic performance.
- The Annual, Not Seasonally Adjusted GDP growth rate is a widely followed indicator of the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted GDP growth rate tracks the year-over-year change in the total value of goods and services produced within the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a high-level snapshot of economic performance without accounting for seasonal fluctuations, making it a crucial indicator for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates this metric based on comprehensive national income and product account data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual, Not Seasonally Adjusted GDP growth rate to inform economic forecasting, monetary policy decisions, and assessments of the broader macroeconomic environment.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months, and may be subject to revisions as more comprehensive information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LAPINGSP), retrieved from FRED.