Chain-Type Quantity Index for Real GDP: Private Industries in Massachusetts
MAPIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.55
Year-over-Year Change
34.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Massachusetts measures the inflation-adjusted output of the private sector in the state. It is a key indicator of 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
This index tracks the real, price-adjusted level of economic activity in Massachusetts' private industries. It is used by policymakers, analysts, and businesses to gauge the health and trajectory of the state's economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula that adjusts for inflation.
Historical Context
The index provides important context for interpreting broader trends in the Massachusetts economy and informing economic policy decisions.
Key Facts
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
- Massachusetts' private industries account for over 80% of the state's total economic output.
- The index is a reliable leading indicator of broader economic conditions in the state.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Massachusetts measures the inflation-adjusted output of the private sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of economic performance and growth in Massachusetts, providing important context for interpreting broader trends and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula that adjusts for inflation.
Q: How is this trend used in economic policy?
A: The index is used by policymakers, analysts, and businesses to gauge the health and trajectory of the Massachusetts economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly, so there may be a short delay in the most recent data becoming available.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Massachusetts (MAPIQGSP), retrieved from FRED.