Real Gross Domestic Product: Government and Government Enterprises (92) in Minnesota
MNGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,498.50
Year-over-Year Change
10.80%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Government and Government Enterprises (92) in Minnesota measures the inflation-adjusted economic output of the government sector in the state. This data point provides insight into the contribution of public institutions to Minnesota's overall economic activity.
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 series represents the real GDP, or total economic output, specifically attributable to government and government enterprises in Minnesota. It is a useful indicator for policymakers and economists to analyze the relative size and influence of the public sector in the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using input-output accounting methods.
Historical Context
Trends in government GDP can inform policy decisions related to fiscal policy, public spending, and the role of the public sector in economic growth.
Key Facts
- Minnesota's government GDP accounts for over 10% of the state's total economic output.
- Real government GDP in Minnesota has grown by 25% over the past decade.
- The government sector is the third-largest contributor to Minnesota's overall economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) specifically attributable to the government and government enterprises sector in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data point is relevant for policymakers, economists, and analysts as it provides insight into the size and influence of the public sector within Minnesota's overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using input-output accounting methods.
Q: How is this trend used in economic policy?
A: Trends in government GDP can inform policy decisions related to fiscal policy, public spending, and the role of the public sector in economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Minnesota (MNGOVRQGSP), retrieved from FRED.