Real Gross Domestic Product: Private Industries in Utah
Quarterly, Seasonally Adjusted Annual Rate
UTPIRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212,643.90
Year-over-Year Change
10.31%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized change in real gross state product (GSP) on a quarterly basis. This metric is a key indicator of overall economic activity and performance at the state level.
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 Annual Rate provides a standardized measure of state-level economic growth. It enables meaningful comparisons of economic activity across states and over time by adjusting for seasonal variations and annualizing the quarterly data.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis (BEA) through surveys of businesses and government agencies.
Historical Context
Economists and policymakers closely monitor this trend to gauge regional economic conditions and inform policy decisions.
Key Facts
- The data is released quarterly by the U.S. Bureau of Economic Analysis.
- Gross state product measures the total economic output of a state.
- The annualized rate adjusts for seasonal variations in economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (SAAR) measures the annualized change in real gross state product (GSP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic activity and performance at the state level, enabling meaningful comparisons across states and over time.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis (BEA) through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to gauge regional economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the BEA, so there may be a short delay in availability.
Related Trends
Gross Domestic Product: State and Local in Utah
UTGOVSLNGSP
Average Hourly Earnings of All Employees: Private Service Providing in Utah
SMU49000000800000003
All Employees: Leisure and Hospitality: Accommodation in Utah
SMU49000007072100001
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Utah
UTRETAILQQGSP
Gross Domestic Product: Oil and Gas Extraction (211) in Utah
UTOILGASNGSP
Housing Inventory: Median Listing Price in Utah
MEDLISPRIUT
Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (UTPIRQGSP), retrieved from FRED.