Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in North Dakota
Quarterly, Seasonally Adjusted Annual Rate
NDOTHSERVERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
896.60
Year-over-Year Change
-9.60%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures the quarterly, seasonally adjusted annual rate of spending on other services in the U.S. gross domestic product (GDP). It is an important indicator of economic activity and consumer demand.
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 'Quarterly, Seasonally Adjusted Annual Rate' for other services spending is a key component of the national accounts, providing insight into the service sector's contribution to overall economic growth. Analysts and policymakers monitor this trend to assess the health of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the GDP reporting process.
Historical Context
This economic indicator helps inform fiscal and monetary policy decisions by the U.S. government and Federal Reserve.
Key Facts
- Other services include industries like finance, healthcare, and education.
- Spending on other services accounts for over 60% of U.S. GDP.
- This indicator is released quarterly as part of the GDP report.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted annual rate of spending on other services in the U.S. gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the health of the service sector, which is a major driver of the U.S. economy. Monitoring this trend helps analysts and policymakers assess broader economic conditions.
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 GDP reporting process.
Q: How is this trend used in economic policy?
A: This indicator helps inform fiscal and monetary policy decisions by the U.S. government and Federal Reserve, as it provides a measure of consumer demand and overall economic activity.
Q: Are there update delays or limitations?
A: This data is released quarterly as part of the GDP report, with a typical 1-month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (NDOTHSERVERQGSP), retrieved from FRED.