Chain-Type Quantity Index for Real GDP: All Industry Total in the Southeast BEA Region
Annual, Not Seasonally Adjusted
SESTQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.56
Year-over-Year Change
36.02%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the gross state product (GSP) of the United States, providing insights into state-level economic activity and 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
GSP is the value of all goods and services produced within a state's economy, making it a key indicator of economic strength and growth. This data is used by policymakers, analysts, and businesses to understand regional economic trends and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using surveys and administrative records.
Historical Context
GSP data is widely used to analyze state-level economic performance and inform policy decisions.
Key Facts
- GSP measures the total economic output of a state.
- GSP data is used to compare economic performance across states.
- GSP growth is a key indicator of a state's economic health.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the gross state product (GSP) of the United States, which is the total value of all goods and services produced within a state's economy.
Q: Why is this trend relevant for users or analysts?
A: GSP data is crucial for understanding regional economic performance and informing policy decisions. It allows policymakers, businesses, and analysts to assess the economic strength and growth of individual states.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using surveys and administrative records.
Q: How is this trend used in economic policy?
A: GSP data is widely used by policymakers, economists, and businesses to analyze state-level economic performance and inform decisions related to economic development, taxation, and public investment.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted GSP data is typically released with a lag of several months, reflecting the time required to collect and process the underlying data.
Related Trends
Real Gross Domestic Product: Legal Services (5411) in the Southeast BEA Region
SESTLEGALRGSP
Gross Domestic Product: Publishing Industries (Except Internet) (511) in the Southeast BEA Region
SESTPUBINDNGSP
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Southeast BEA Region
SESTPCELRPTSLSGSNPIS
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Southeast BEA Region
SESTPCEFCENPISH
Real Gross Domestic Product: Wholesale Trade (42) in the Southeast BEA Region
SESTWHOLERQGSP
Personal Consumption Expenditures: Services: Household Consumption Expenditures for Services for Southeast BEA Region
SESTPCEHCE
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SESTQGSP), retrieved from FRED.