Gross Domestic Product: All Industry Total in the Southeast BEA Region
Annual, Not Seasonally Adjusted
SESTNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,487,285.20
Year-over-Year Change
86.95%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures year-over-year changes in the U.S. total gross state product. This top-level economic indicator is closely watched by economists and policymakers to assess the overall health of the national economy.
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 Gross State Product (GSP) represents the total economic output of each U.S. state. The Annual, Not Seasonally Adjusted trend provides a yearly comparison of GSP, allowing analysts to identify growth patterns and regional economic performance without the influence of seasonal factors.
Methodology
The Bureau of Economic Analysis (BEA) calculates GSP based on data from various government and private sources.
Historical Context
GSP data informs economic policy decisions and is used by businesses to guide investment and strategic planning.
Key Facts
- The U.S. GSP totaled over $23 trillion in 2021.
- California accounts for over 14% of total U.S. GSP.
- GSP growth averaged 5.7% in 2021 after a 2.2% decline in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total economic output of the United States at the state level, known as Gross State Product (GSP).
Q: Why is this trend relevant for users or analysts?
A: GSP data is a key indicator of regional economic performance and informs important policy decisions by governments and strategic planning by businesses.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis (BEA) calculates GSP based on data from government agencies and private sources.
Q: How is this trend used in economic policy?
A: GSP data is closely monitored by economists and policymakers to assess the overall health of the national economy and make informed decisions regarding fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted GSP data is typically released by the BEA with a lag of several months, reflecting the time required to collect and process the underlying data.
Related Trends
Real Gross Domestic Product: Rental and Leasing Services and Lessors of Nonfinancial Intangible Assets (532-533) in the Southeast BEA Region
SESTRENTRGSP
Real Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in the Southeast BEA Region
SESTMISCPRORGSP
Gross Domestic Product: Textile Mills and Textile Product Mills (313-314) in the Southeast BEA Region
SESTTEXTNGSP
Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Southeast BEA Region
SESTPCEPCONDURG
Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Southeast BEA Region
SESTPCEONDURG
Per Capita Personal Consumption Expenditures: Goods for Southeast BEA Region
SESTPCEPCG
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SESTNGSP), retrieved from FRED.