Chain-Type Quantity Index for Real GDP: Private Industries in Virginia
Annual, Not Seasonally Adjusted
VAPIQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.94
Year-over-Year Change
32.27%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted (VAPIQGSP) series measures real gross state product, a comprehensive indicator of economic activity and output within a U.S. state or territory. This trend is widely used by economists and policymakers to analyze regional 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 Annual, Not Seasonally Adjusted (VAPIQGSP) series provides a total measure of real gross state product (GSP), which represents the overall economic output of a given state. GSP is a key statistic for understanding state-level economic activity, industry trends, and regional economic dynamics.
Methodology
The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Analysts and policymakers use this trend to inform decisions around economic development, investment, and regional policy.
Key Facts
- VAPIQGSP data is reported annually.
- All 50 U.S. states and the District of Columbia are included.
- The series dates back to 1963.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted (VAPIQGSP) series measures the total real gross state product, which represents the overall economic output of a U.S. state or territory.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and analysts to understand regional economic performance, industry trends, and growth dynamics at the state level.
Q: How is this data collected or calculated?
A: The data is collected through surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to inform decisions around economic development, investment, and regional policy.
Q: Are there update delays or limitations?
A: The VAPIQGSP data is reported annually with a typical release schedule.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (VAPIQGSP), retrieved from FRED.