Chain-Type Quantity Index for Real GDP: Private Industries in Louisiana
LAPIQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.04
Year-over-Year Change
10.05%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Louisiana measures the inflation-adjusted output of Louisiana's private sector. This provides insights into the state's economic growth and productivity.
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 changes in the real output of Louisiana's private industries, allowing economists to analyze the state's economic performance over time. It is a key indicator for understanding Louisiana's economic trends and competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes that adjust for price changes.
Historical Context
Policymakers and business leaders use this index to inform decisions around economic development, investment, and regulatory policies in Louisiana.
Key Facts
- Louisiana's private sector accounts for over 80% of the state's real GDP.
- The index uses 2012 as the base year for calculating real output changes.
- The index has increased by 6.7% since 2015, indicating steady private sector growth.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted output or real GDP of Louisiana's private industries, providing insights into the state's overall economic productivity and growth.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of Louisiana's economic performance and competitiveness. It helps policymakers, businesses, and researchers understand the state's private sector activity and dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using quantity indexes that adjust for price changes to measure real output.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies in Louisiana use this index to inform decisions around tax policies, business incentives, and other initiatives aimed at promoting private sector growth.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Bureau of Economic Analysis, with a typical 2-3 month delay between the end of the reference period and the data release.
Related Trends
90% Confidence Interval Lower Bound of Estimate of People Age 0-17 in Poverty for Louisiana
PECILBU18LA22000A647NCEN
Real Gross Domestic Product: Food Services and Drinking Places (722) in Louisiana
LAFOODDPRGSP
Chain-Type Quantity Index for Real GDP: Management of Companies and Enterprises (55) in Louisiana
LAMNGCOENTPRQQGSP
Housing Inventory: Median Home Size in Square Feet in Louisiana
MEDSQUFEELA
Chain-Type Quantity Index for Real GDP: Warehousing and Storage (493) in Louisiana
LAWARESTORQGSP
Transportation Carbon Dioxide Emissions, All Fuels for Louisiana
EMISSCO2TOTVTCTOLAA
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Louisiana (LAPIQQGSP), retrieved from FRED.