Chain-Type Quantity Index for Real GDP: Private Industries in Louisiana
LAPIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.50
Year-over-Year Change
7.36%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Louisiana measures the inflation-adjusted economic output of Louisiana's private sector. This indicator provides insight into the state's overall economic performance and growth trajectory.
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 index tracks the real gross domestic product (GDP) generated by Louisiana's private industries, excluding the public sector. It is a valuable tool for analyzing the state's economic conditions and can inform policy decisions aimed at fostering private-sector growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Historical Context
Policymakers and economists use this index to assess Louisiana's economic health and competitiveness relative to other states.
Key Facts
- Louisiana's private GDP index has grown by over 20% since 2010.
- The index reached a record high in 2019 before declining during the COVID-19 pandemic.
- Energy and manufacturing are key private industries driving Louisiana's economic output.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Louisiana measures the inflation-adjusted economic output of Louisiana's private sector, excluding the public sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into Louisiana's overall economic performance and the growth trajectory of its private industries, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess Louisiana's economic health and competitiveness relative to other states, which can guide economic development initiatives and investment decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with a typical delay of 2-3 months. As with any economic indicator, the index may be subject to revisions and can be influenced by various economic factors.
Related Trends
Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Louisiana
SMU22000003200000008A
Average Weekly Hours of All Employees: Construction in Louisiana
SMU22000002000000002
Housing Inventory: New Listing Count Month-Over-Month in Louisiana
NEWLISCOUMMLA
Commercial Carbon Dioxide Emissions, Distillate Fuel for Louisiana
EMISSCO2VDFCCBLAA
Real Per Capita Personal Income for Louisiana
LARPIPC
Poverty Universe, Age 0-4 for Louisiana
PUA0T4LA22000A647NCEN
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Louisiana (LAPIQGSP), retrieved from FRED.