Chain-Type Quantity Index for Real GDP: Military in South Dakota
SDGOVFEDMILQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.77
Year-over-Year Change
-0.94%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Military in South Dakota measures the inflation-adjusted output of the military sector in the state. It is an important indicator for understanding regional economic trends and the role of government activity.
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 changes in the real, volume-adjusted value of military-related economic output in South Dakota. It is used by economists and policymakers to analyze the influence of federal spending and the military's economic footprint within the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted method to account for price changes over time.
Historical Context
Trends in this index can inform decisions around military base operations, procurement, and broader policy affecting government activity in the region.
Key Facts
- The index uses 2012 as the base year.
- Military economic output accounts for a significant portion of South Dakota's GDP.
- The index adjusts for inflation to provide a real, volume-based measure.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Military in South Dakota measures the inflation-adjusted output of the military sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is relevant for understanding regional economic trends and the role of government activity, particularly the influence of federal spending and the military's economic footprint within South Dakota.
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 method to account for price changes over time.
Q: How is this trend used in economic policy?
A: Trends in this index can inform decisions around military base operations, procurement, and broader policy affecting government activity in the region.
Q: Are there update delays or limitations?
A: The index data is updated regularly by the U.S. Federal Reserve, but there may be typical delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Military in South Dakota (SDGOVFEDMILQGSP), retrieved from FRED.