Gross Domestic Product: Educational Services (61) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RIEDCATNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,508.60
Year-over-Year Change
14.62%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (RIEDCATNQGSP) measures the quarterly change in the real gross state product, adjusted for seasonal variations. This metric is a key indicator of overall economic performance at the state level.
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 real gross state product (real GSP) is a comprehensive measure of the total economic output within a U.S. state. The Quarterly, Seasonally Adjusted Annual Rate provides a standardized way to track changes in real GSP over time, enabling meaningful comparisons across states and time periods.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established economic modeling techniques.
Historical Context
Policymakers and analysts closely monitor real GSP growth to gauge the economic health and development of individual states.
Key Facts
- Quarterly data series dating back to 1963.
- Covers all 50 U.S. states and the District of Columbia.
- Annualized growth rates are reported in percentage terms.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (RIEDCATNQGSP) measures the quarterly change in the real gross state product, which is a comprehensive indicator of total economic output within a U.S. state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic performance at the state level, enabling policymakers and analysts to gauge the health and development of individual state economies.
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 economic modeling techniques.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor real GSP growth to assess the economic conditions and development of individual states, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted Annual Rate data is published with a brief lag, typically 2-3 months after the end of each quarter.
Related Trends
Real Gross Domestic Product: Trade (42, 44-45) in Rhode Island
RITRADERGSP
All Employees: Government: Federal Government in Rhode Island
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Coefficient for Electric Power Carbon Dioxide Emissions, Residual Fuel for Rhode Island
EMISSCO2CRFEIBRIA
Gross Domestic Product: Government and Government Enterprises (92) in Rhode Island
RIGOVNQGSP
Chain-Type Quantity Index for Real GDP: Manufacturing (31-33) in Rhode Island
RIMANQGSP
Gross Domestic Product: Real Estate (531) in Rhode Island
RIREALNGSP
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RIEDCATNQGSP), retrieved from FRED.