Expenditure-side Real GDP at Chained Purchasing Power Parities for Georgia
RGDPESGEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,386.25
Year-over-Year Change
103.71%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of the U.S. state of Georgia, adjusted for purchasing power parity (PPP). It provides insights into the state's economic growth and development.
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 Expenditure-side Real GDP at Chained Purchasing Power Parities for Georgia is a key indicator of the state's economic performance. It represents the total value of all goods and services produced within Georgia, adjusted for differences in price levels across regions, allowing for more accurate comparisons.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess Georgia's economic conditions and guide policy decisions.
Key Facts
- Georgia's GDP reached $671 billion in 2021.
- The state's real GDP grew by 4.9% in 2021.
- Georgia accounts for 3.2% of the U.S. national GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the U.S. state of Georgia, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into Georgia's economic growth and development, which is crucial for policymakers, economists, and market analysts to assess the state's economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess Georgia's economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Georgia (RGDPESGEA666NRUG), retrieved from FRED.