Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RIADMINWASTNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,840.20
Year-over-Year Change
19.29%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (RIADMINWASTNQGSP) measures the inflation-adjusted, annualized growth rate of U.S. gross state product on a quarterly basis. It is a key economic indicator used to assess regional economic performance.
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 Quarterly, Seasonally Adjusted Annual Rate is a measure of the total economic output of the United States, adjusted for seasonal variations and expressed as an annualized rate of change. It is widely used by economists, policymakers, and analysts to understand the overall health and trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical modeling techniques.
Historical Context
This trend is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Key Facts
- The annualized rate of change in Q4 2022 was 2.9%.
- The highest recorded rate was 33.8% in Q3 2020.
- Real GDP growth is a primary indicator of economic health.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the inflation-adjusted, annualized growth rate of U.S. gross state product on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of overall U.S. economic performance and is closely watched by policymakers, economists, and market analysts to assess the health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and statistical modeling techniques.
Q: How is this trend used in economic policy?
A: The Quarterly, Seasonally Adjusted Annual Rate is closely monitored by the Federal Reserve and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RIADMINWASTNQGSP), retrieved from FRED.