Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in North Dakota
Quarterly, Seasonally Adjusted
NDOTHSERVEQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.92
Year-over-Year Change
-9.60%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the output of the other services sector, which includes industries like personal care, repair and maintenance, and religious organizations. This metric provides important insights into the health and performance of the broader U.S. service economy.
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 Other Services (Except Public Administration) sector encompasses a diverse range of service-based industries not classified elsewhere. This data series tracks the quarterly, seasonally adjusted real output of this sector, offering economists and policymakers a valuable indicator of economic activity and consumer demand.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the Gross Domestic Product (GDP) reporting.
Historical Context
Analysts and policymakers monitor this metric to gauge the strength of the service sector and its contribution to overall economic growth.
Key Facts
- The Other Services sector accounts for around 4% of U.S. GDP.
- This metric tracks real, inflation-adjusted output in the sector.
- Quarterly data is released with a lag of approximately 2 months.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted real output of the Other Services (Except Public Administration) sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and performance of the broader U.S. service economy, which is a critical component of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the Gross Domestic Product (GDP) reporting.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to gauge the strength of the service sector and its contribution to overall economic growth, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The quarterly data is released with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NDOTHSERVEQQGSP), retrieved from FRED.