Real Gross Domestic Product: Government and Government Enterprises (92) in Tennessee
TNGOVRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,504.00
Year-over-Year Change
5.35%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Government and Government Enterprises (92) in Tennessee measures the output of the government sector in the state's economy, adjusted for inflation.
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 economic indicator tracks the real value-added by government and government enterprises in Tennessee, providing insights into the public sector's contribution to overall economic activity in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) as part of their regional GDP estimates.
Historical Context
This trend is used by policymakers, economists, and analysts to understand the role of government in Tennessee's economic performance.
Key Facts
- Tennessee's government sector accounts for approximately 12% of its total GDP.
- Real government GDP in Tennessee grew by 2.5% in 2021.
- The public sector in Tennessee employs over 400,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the government and government enterprises sector in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of the public sector in Tennessee's economy, which is crucial for policymakers, economists, and market analysts.
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 their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the contribution of government activities to Tennessee's overall economic performance and growth.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a lag of approximately two months after the end of each quarter.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Government and Government Enterprises (92) in Tennessee (TNGOVRQGSP), retrieved from FRED.