Gross Domestic Product: All Industry Total in South Dakota
Quarterly, Seasonally Adjusted Annual Rate
SDNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,573.70
Year-over-Year Change
14.32%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate measures the value of goods and services produced by the U.S. economy in a given quarter, adjusted for seasonal variations and expressed as an annualized rate. It is a key indicator of overall economic performance.
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 metric, also known as the Quarterly Gross Domestic Product (GDP), represents the broadest measure of economic activity in the United States. It is widely used by economists, policymakers, and analysts to assess the health and trajectory of the national economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using surveys, census data, and other sources.
Historical Context
The Quarterly GDP is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and government.
Key Facts
- The Quarterly GDP grew by 2.9% in the fourth quarter of 2022.
- It is released approximately 1 month after the end of each quarter.
- GDP is the most comprehensive measure of a country's economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate measures the total value of goods and services produced by the U.S. economy in a given quarter, adjusted for seasonal variations and expressed as an annualized rate.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP is a crucial indicator of overall economic performance and a key input for policymakers, businesses, and investors in assessing the health and trajectory 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 surveys, census data, and other sources.
Q: How is this trend used in economic policy?
A: The Quarterly GDP is a critical input for monetary and fiscal policy decisions made by the Federal Reserve and government, as it provides a comprehensive snapshot of the nation's economic activity.
Q: Are there update delays or limitations?
A: The Quarterly GDP is released approximately 1 month after the end of each quarter, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (SDNQGSP), retrieved from FRED.