Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in South Dakota
Quarterly, Seasonally Adjusted
SDGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.71
Year-over-Year Change
6.70%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the total dollar value of all goods and services produced within the United States during a given quarter. It is a key indicator of economic growth and an important metric for policymakers and analysts.
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 series represents the Gross Domestic Product (GDP), which is the broadest measure of a country's economic activity. GDP includes consumer spending, business investment, government spending, and net exports, providing a comprehensive snapshot of the nation's economic health.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of surveys and economic indicators.
Historical Context
GDP figures are closely watched by the Federal Reserve, government agencies, and market participants to inform economic policy and investment decisions.
Key Facts
- GDP accounts for over 70% of the U.S. economy.
- The U.S. GDP reached a record high of $23.9 trillion in 2021.
- GDP growth is a key metric used to assess the health of the economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of all goods and services produced in the United States during a given quarter, providing a comprehensive snapshot of the nation's economic activity.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of economic growth and a key metric used by policymakers, economists, and investors to assess the overall health and performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of surveys and economic indicators.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by the Federal Reserve, government agencies, and market participants to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The GDP data is released quarterly with a delay of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SDGOVQQGSP), retrieved from FRED.