Real Gross Domestic Product: Government and Government Enterprises (92) in the Southeast BEA Region
SESTGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
604,577.70
Year-over-Year Change
6.14%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the government and government enterprises sector in the Southeast region of the United States. It provides insight into the economic activity and contribution of the public sector in this specific geographic area.
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 Real Gross Domestic Product: Government and Government Enterprises (92) in the Southeast BEA Region tracks the inflation-adjusted economic output of federal, state, and local government agencies and enterprises in the Southeast region. This data series is used by economists and policymakers to analyze the role of the public sector in the regional economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Historical Context
Trends in this metric can inform discussions around fiscal policy, public spending, and the size and influence of government at the regional level.
Key Facts
- The Southeast region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- In 2021, the government and government enterprises sector accounted for 12.2% of the Southeast region's total GDP.
- Real GDP for this sector grew by 1.7% in the Southeast region in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the government and government enterprises sector in the Southeast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic activity and contribution of the public sector in the Southeast region, which is useful for analyzing fiscal policy, public spending, and the role of government in the regional economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform discussions around fiscal policy, public spending, and the size and influence of government at the regional level.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as the BEA's broader regional GDP estimates.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in the Southeast BEA Region (SESTGOVRQGSP), retrieved from FRED.