Chain-Type Quantity Index for Real GDP: Construction (23) in Oregon
ORCONSTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.28
Year-over-Year Change
51.12%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Construction (23) in Oregon measures the inflation-adjusted output of the construction industry in Oregon. This indicator provides insight into the state's economic growth and the health of the construction 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 Chain-Type Quantity Index for Real GDP: Construction (23) in Oregon tracks the real, inflation-adjusted value of output from Oregon's construction industry. It is a key indicator for analyzing the state's economic performance and the relative strength of the construction sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists, policymakers, and investors to assess Oregon's economic conditions and the construction industry's contribution to the state's overall GDP.
Key Facts
- The index is based on 2012 as the base year.
- Construction accounts for approximately 5% of Oregon's total GDP.
- The index reached its highest level in 2022.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Construction (23) in Oregon measures the inflation-adjusted output of the construction industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Oregon's economic growth and the performance of the construction sector, which is a significant contributor to the state's GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and investors use this metric to assess Oregon's economic conditions and the construction industry's contribution to the state's overall GDP, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, and there may be slight delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Construction (23) in Oregon (ORCONSTQGSP), retrieved from FRED.