Gross Domestic Product: Federal Civilian in Rhode Island
RIGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,407.00
Year-over-Year Change
69.69%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) of the federal civilian government sector in Rhode Island. It is an important indicator for understanding the economic impact of federal government activity in the 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
The Gross Domestic Product: Federal Civilian in Rhode Island represents the total value of goods and services produced by the federal civilian government within the state's borders. This metric is used by economists and policymakers to analyze the size and role of the public sector in Rhode Island's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Trends in federal civilian GDP can inform policy decisions related to government spending, employment, and economic development in Rhode Island.
Key Facts
- Rhode Island's federal civilian GDP was $3.2 billion in 2021.
- The federal civilian sector accounts for 3.4% of Rhode Island's total GDP.
- Rhode Island's federal civilian GDP has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced by the federal civilian government within Rhode Island's borders.
Q: Why is this trend relevant for users or analysts?
A: Tracking federal civilian GDP in Rhode Island helps economists and policymakers understand the size and role of the public sector in the state's 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 national income and product accounts.
Q: How is this trend used in economic policy?
A: Trends in federal civilian GDP can inform policy decisions related to government spending, employment, and economic development in Rhode Island.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
Related Trends
Gross Domestic Product: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Rhode Island
RISECCOMINVNGSP
Chain-Type Quantity Index for Real GDP: Truck Transportation (484) in Rhode Island
RITRUCKTRANQGSP
Coefficient for Industrial Carbon Dioxide Emissions, Distillate Fuel for Rhode Island
EMISSCO2CDFICBRIA
All Employees: Transportation and Utilities: Transportation, Warehousing, and Utilities in Rhode Island
SMS44000004300000001
Unemployed Persons in Rhode Island
LAUST440000000000004A
Monthly State Retail Sales: General Merchandise Stores in Rhode Island
MSRSRI452
Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in Rhode Island (RIGOVFEDCIVNGSP), retrieved from FRED.