Real Gross Domestic Product: All Industry Total in Louisiana
LARQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
257,845.50
Year-over-Year Change
9.52%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: All Industry Total in Louisiana measures the overall economic output of Louisiana, adjusted for inflation. This key economic indicator is used by policymakers and analysts to assess the state's economic performance and growth.
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 Real Gross Domestic Product: All Industry Total in Louisiana represents the total value of all goods and services produced within the state, measured in chained 2012 dollars to account for price changes. It is a comprehensive metric of Louisiana's economic activity and a vital datapoint for understanding the state's economic trends and conditions.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting procedures.
Historical Context
The Real GDP for Louisiana is a crucial indicator monitored by state and federal policymakers, economists, and market analysts to inform economic and fiscal decision-making.
Key Facts
- Louisiana's Real GDP was $255 billion in 2021.
- Real GDP in Louisiana grew by 2.1% in 2021.
- The state's largest industry sectors are energy, petrochemicals, and tourism.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: All Industry Total in Louisiana measures the total value of all goods and services produced within the state, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of Louisiana's overall economic performance and growth, providing vital information for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting procedures.
Q: How is this trend used in economic policy?
A: Louisiana's Real GDP is closely monitored by state and federal policymakers to inform economic and fiscal decision-making, as well as by economists and market analysts to assess the state's economic conditions.
Q: Are there update delays or limitations?
A: The Real GDP data for Louisiana is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Louisiana (LARQGSP), retrieved from FRED.