Gross Domestic Product: Manufacturing (31-33) in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RIMANNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,638.80
Year-over-Year Change
8.48%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Quarterly, Seasonally Adjusted Annual Rate' metric measures the annualized change in real gross state product on a quarterly basis, adjusting for seasonal variations.
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 economic indicator provides insights into the overall health and growth of individual U.S. state economies. It is a key measure used by policymakers and analysts to assess regional economic performance and inform economic policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and government agencies closely monitor this trend to understand regional economic trends and guide policy interventions.
Key Facts
- The metric is reported quarterly in annualized percentage terms.
- It covers all 50 U.S. states and the District of Columbia.
- The data is seasonally adjusted to account for recurring economic patterns.
FAQs
Q: What does this economic trend measure?
A: The 'Quarterly, Seasonally Adjusted Annual Rate' metric measures the annualized change in real gross state product, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the overall health and growth of individual U.S. state economies, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and government agencies closely monitor this trend to understand regional economic trends and guide policy interventions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a short delay to allow for data collection and seasonal adjustments.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RIMANNQGSP), retrieved from FRED.