Gross Domestic Product: Private Industries in Pennsylvania
Quarterly, Seasonally Adjusted Annual Rate
PAPINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
963,286.80
Year-over-Year Change
18.63%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (PAPINQGSP) measures the annualized growth rate of real gross state product, a key indicator of economic activity and production within a U.S. state.
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 quarterly economic series, published by the U.S. Bureau of Economic Analysis, provides a standardized, seasonally adjusted measure of state-level gross domestic product. It is widely used by economists, policymakers, and analysts to evaluate state economic performance and trends.
Methodology
The data is calculated based on surveys and economic accounts collected by the Bureau of Economic Analysis.
Historical Context
Analysts and policymakers use this metric to inform economic policy decisions and assess regional economic conditions.
Key Facts
- The PAPINQGSP series covers all 50 U.S. states and the District of Columbia.
- Gross state product measures the total value of goods and services produced within a state.
- This metric is seasonally adjusted to account for predictable fluctuations in economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (PAPINQGSP) measures the annualized growth rate of real gross state product, a key indicator of economic activity and production within a U.S. state.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to evaluate state economic performance and trends, which informs economic policy decisions and assessments of regional economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on surveys and economic accounts collected by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to inform economic policy decisions and assess regional economic conditions.
Q: Are there update delays or limitations?
A: The PAPINQGSP series is published quarterly, with potential delays due to the time required to collect and process the underlying economic data.
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Citation
U.S. Bureau of Economic Analysis, Quarterly, Seasonally Adjusted Annual Rate (PAPINQGSP), retrieved from FRED.