Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in the Southeast BEA Region
Quarterly, Seasonally Adjusted
SESTGOVQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.21
Year-over-Year Change
6.14%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the value of goods and services produced by state and local governments in the United States on a quarterly basis. This data provides insights into the economic activity and fiscal health of state and local public sectors.
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 series represents the real gross product, or value added, of the state and local government sector in the United States. It is a key indicator of the economic contribution and performance of the public sector at the subnational level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
This series is used by policymakers, economists, and analysts to assess the economic conditions and fiscal trends in state and local governments.
Key Facts
- Quarterly data, seasonally adjusted
- Measures real value added by state and local governments
- Provides insights into public sector economic performance
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the real gross product or value added of the state and local government sector in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This series provides insights into the economic activity and fiscal health of state and local governments, which is useful for policymakers, economists, and analysts assessing public sector performance and conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: This series is used by policymakers, economists, and analysts to assess the economic conditions and fiscal trends in state and local governments, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with some potential for delays in the release of the most recent data.
Related Trends
Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in the Southeast BEA Region
SESTFOODBEVTOBMANNGSP
Real Gross Domestic Product: Real Estate and Rental and Leasing (53) in the Southeast BEA Region
SESTRERENTLEARGSP
Real Gross Domestic Product: Mining (Except Oil and Gas) (212) in the Southeast BEA Region
SESTMINEXOILGASRGSP
Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in the Southeast BEA Region
SESTMINNQGSP
Per Capita Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Southeast BEA Region
SESTPCEPCGAS
New Private Housing Units Authorized by Building Permit for the Southeast BEA Region
BEASEBPPRIV
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (SESTGOVQQGSP), retrieved from FRED.