Chain-Type Quantity Index for Real GDP: Educational Services (61) in North Carolina
NCEDCATQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.43
Year-over-Year Change
14.37%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in North Carolina measures the volume of economic output in the education sector of the state. This metric is important for policymakers and analysts to assess the health and growth of North Carolina's education industry.
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, inflation-adjusted output of the educational services sector in North Carolina. It is a component of the state's overall real GDP, providing insight into the productivity and contribution of the education industry to the broader state economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level income and output figures.
Historical Context
This economic indicator is used by state and local governments, as well as education industry analysts, to monitor trends and make informed policy decisions.
Key Facts
- The index is measured with a base year of 2012 = 100.
- North Carolina's educational services sector accounts for approximately 3% of the state's total real GDP.
- The index has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the real, inflation-adjusted output of the educational services sector in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and contribution of North Carolina's education industry to the broader state economy, which is useful for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level income and output figures.
Q: How is this trend used in economic policy?
A: This indicator is used by state and local governments, as well as education industry analysts, to monitor trends and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in North Carolina (NCEDCATQQGSP), retrieved from FRED.