Real Gross Domestic Product: Educational Services (61) in North Carolina
NCEDCATRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,813.90
Year-over-Year Change
14.37%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Real Gross Domestic Product: Educational Services (61) in North Carolina' series measures the economic output of the educational services industry in North Carolina, adjusted for inflation. This metric is a key indicator of the health and productivity of this important sector.
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 educational services industry includes establishments that provide instruction and training in a wide variety of subjects. This metric provides insight into the performance and growth of this industry at the state level, which can inform policy decisions and economic analyses.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including industry surveys and economic census data.
Historical Context
Policymakers and economists closely monitor this trend to understand the economic contribution and trajectory of the educational services industry in North Carolina.
Key Facts
- North Carolina's educational services industry accounts for approximately 3% of the state's GDP.
- The sector has seen steady growth, with real GDP increasing by 20% over the past decade.
- Educational services is one of the largest and most stable industries in North Carolina's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the educational services industry in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and economic contribution of the educational services sector, which is a key component of North Carolina's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry surveys and economic census information.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand the health and growth of the educational services industry, which can inform decisions on funding, regulation, and economic development strategies.
Q: Are there update delays or limitations?
A: This data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of 3-6 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Educational Services (61) in North Carolina (NCEDCATRQGSP), retrieved from FRED.