Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in North Dakota
Quarterly, Seasonally Adjusted Annual Rate
NDPROBUSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,281.80
Year-over-Year Change
17.03%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the quarter-over-quarter change in the real gross domestic product (GDP) of the United States. It is a key economic indicator used by policymakers and analysts to assess the overall health and growth of the U.S. 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
This series represents the annualized rate of change in real GDP from one quarter to the next, adjusted for seasonal variations. It provides a snapshot of the economy's performance and is closely watched by the Federal Reserve, economists, and investors to inform policy decisions and market expectations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic data collected across industries.
Historical Context
The Quarterly, Seasonally Adjusted Annual Rate is a crucial input for monetary and fiscal policy, as well as private sector analysis of economic conditions and forecasting.
Key Facts
- The U.S. economy grew at an annualized rate of 2.9% in Q4 2022.
- GDP growth rates are a leading indicator of economic performance.
- Sustained positive growth is a sign of a healthy, expanding economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the quarter-over-quarter change in the real gross domestic product (GDP) of the United States, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic health and growth, and is closely watched by policymakers, economists, and investors to inform decisions and expectations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive economic data collected across industries.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted Annual Rate is a crucial input for monetary and fiscal policy, as well as private sector analysis of economic conditions and forecasting.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with some lag from the end of the reference period.
Related Trends
All Employees: Mining and Logging in North Dakota
NDNRMN
All Employees: Local Government Educational Services in North Dakota
SMU38000009093161101A
Real Gross Domestic Product: Transportation and Utilities (22, 48-49) in North Dakota
NDTRANSUTILRGSP
Gross Domestic Product: Water Transportation (483) in North Dakota
NDWATTRANNGSP
Per Capita Personal Consumption Expenditures: Services: Financial Services and Insurance for North Dakota
NDPCEPCFININS
All Employees: Religious, Grantmaking, Civic, Professional, and Similar Organizations in North Dakota
SMU38000008081300001A
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (NDPROBUSRQGSP), retrieved from FRED.