Chain-Type Quantity Index for Real GDP: Private Industries in Oregon
ORPIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.15
Year-over-Year Change
45.06%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Oregon measures the real output of private industries in the state of Oregon. This economic indicator is important for understanding the overall health and growth of Oregon's private sector 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 index tracks the volume of goods and services produced by private businesses in Oregon, adjusted for inflation. It provides a comprehensive measure of economic activity beyond just the state's total GDP, allowing analysts to isolate the private industry component.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This metric is useful for policymakers, investors, and businesses to gauge the performance and trajectory of Oregon's private economy.
Key Facts
- Oregon's private industries account for over 80% of the state's total GDP.
- The index uses 2012 as the base year with a value of 100.
- Real GDP growth in Oregon's private sector has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Oregon measures the real output of private businesses in the state, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the performance and growth of Oregon's private sector economy, which is a critical driver of the state's overall economic health.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and businesses use this index to gauge the trajectory of Oregon's private economy and inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Oregon (ORPIQGSP), retrieved from FRED.