Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Rhode Island
RIGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.44
Year-over-Year Change
7.43%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Rhode Island measures the inflation-adjusted output of the government sector in the state's economy. This metric is crucial for economists and policymakers to assess the size and productivity of the public sector.
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 index tracks the real output of government agencies and enterprises in Rhode Island, adjusting for inflation to provide a more accurate measure of economic activity. It is an important indicator for evaluating the role of the public sector in the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This metric informs economic analysis and government policy decisions related to the size, efficiency, and impact of the public sector in Rhode Island.
Key Facts
- The government sector accounts for approximately 12% of Rhode Island's GDP.
- This index has shown modest growth in recent years, indicating a stable public sector.
- Real government output is an important driver of overall economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted output of government agencies and enterprises in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for evaluating the size, productivity, and economic impact of the public sector in Rhode Island.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: This metric informs economic analysis and government policy decisions related to the size, efficiency, and impact of the public sector in Rhode Island.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision process of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Rhode Island (RIGOVQQGSP), retrieved from FRED.