Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in South Dakota
SDGOVQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.98
Year-over-Year Change
12.80%
Date Range
1/1/1997 - 1/1/2024
Summary
The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in South Dakota measures the real economic output of the government and government enterprises sector 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
This index provides a comprehensive measure of the volume of goods and services produced by the government and government enterprises in South Dakota, adjusted for inflation. It is a key indicator used by economists and policymakers to assess the health and productivity of the public sector in the state.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes.
Historical Context
This metric helps inform fiscal and economic policy decisions at the state level.
Key Facts
- South Dakota's government sector accounts for over 10% of its total GDP.
- The state's government output index has grown by 25% in the past decade.
- This metric is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in South Dakota measures the real output of the government and public sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the productivity and economic impact of the government sector in South Dakota, which is a key component of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-type quantity indexes.
Q: How is this trend used in economic policy?
A: This index helps inform fiscal and economic policy decisions at the state level by providing a comprehensive measure of government sector activity and productivity.
Q: Are there update delays or limitations?
A: This metric is released on a quarterly basis by the U.S. Bureau of Economic Analysis with a typical 2-3 month publication lag.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in South Dakota (SDGOVQGSP), retrieved from FRED.