Gross Domestic Product: Educational Services (61) in Virginia
Quarterly, Seasonally Adjusted Annual Rate
VAEDCATNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,628.80
Year-over-Year Change
15.13%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the quarterly, seasonally adjusted annual rate of gross state product (GSP). GSP is a key indicator of a state's economic performance and growth.
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 of GSP provides a standardized measure of the total economic output of a U.S. state on an annualized basis. This trend is widely used by economists, policymakers, and analysts to assess state-level economic conditions and trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in GSP are important for informing state and federal economic policies.
Key Facts
- GSP measures the total economic output of a U.S. state.
- The quarterly, seasonally adjusted annual rate provides a standardized comparison.
- GSP trends are used to assess state-level economic performance and growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted annual rate of gross state product (GSP), which is the total economic output of a U.S. state.
Q: Why is this trend relevant for users or analysts?
A: Trends in GSP are widely used by economists, policymakers, and analysts to assess state-level economic conditions and performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Trends in GSP are important for informing state and federal economic policies.
Q: Are there update delays or limitations?
A: The quarterly, seasonally adjusted GSP data is published by the Bureau of Economic Analysis with a typical delay of several months.
Related Trends
All Employees: Government: Local Government Excluding Educational Services in Virginia
SMU51000009093200001
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Virginia
VAPROSCITCHNGSP
Gross Domestic Product: Oil and Gas Extraction (211) in Virginia
VAOILGASNGSP
Professional and Technical Services Earnings in Virginia
VAEPRO
Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in Virginia
SMU51000006500000003
Coefficient for Electric Power Carbon Dioxide Emissions, Petroleum Coke for Virginia
EMISSCO2CPCEIBVAA
Citation
U.S. Bureau of Economic Analysis, Quarterly, Seasonally Adjusted Annual Rate (VAEDCATNQGSP), retrieved from FRED.