Gross Domestic Product: All Industry Total in Rhode Island
Quarterly, Seasonally Adjusted Annual Rate
RINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84,896.30
Year-over-Year Change
20.78%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (RINQGSP) measures the quarter-over-quarter change in U.S. gross state product, adjusted for seasonal variations. It is a key indicator of economic growth 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 Quarterly, Seasonally Adjusted Annual Rate (RINQGSP) tracks the annualized rate of change in gross state product (GSP) from one quarter to the next, after accounting for typical seasonal patterns. GSP is the state-level equivalent of GDP, providing insight into regional economic performance.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level production, income, and expenditure metrics.
Historical Context
Analysts and policymakers monitor state-level growth trends to understand regional economic conditions and inform policy decisions.
Key Facts
- RINQGSP is measured in percentage change from the previous quarter.
- The data is released quarterly, approximately two months after the end of each quarter.
- All 50 U.S. states and the District of Columbia are included in RINQGSP.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (RINQGSP) measures the quarter-over-quarter change in U.S. gross state product, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: RINQGSP provides important insights into regional economic performance and growth, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects state-level production, income, and expenditure data to calculate RINQGSP.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor RINQGSP to understand regional economic conditions and inform policies that promote growth and stability.
Q: Are there update delays or limitations?
A: RINQGSP data is released quarterly, with a lag of approximately two months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (RINQGSP), retrieved from FRED.