Chain-Type Quantity Index for Real GDP: Private Industries in Virginia
VAPIQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.35
Year-over-Year Change
9.02%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Private Industries in Virginia measures the inflation-adjusted economic output of private industries in the state. This metric is a key indicator of Virginia's economic health and productivity.
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 index provides a comprehensive measure of the real output produced by private industries in Virginia, adjusting for inflation. It is used by economists and policymakers to track the state's economic performance over time and identify growth trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula applied to private industry gross domestic product (GDP) in Virginia.
Historical Context
This index informs policy decisions and market analysis related to the Virginia economy.
Key Facts
- The index uses 2012 as the base year.
- Virginia's private industry GDP accounts for over 80% of the state's total economic output.
- The index tracks changes in real GDP, not just nominal dollar values.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Private Industries in Virginia measures the inflation-adjusted economic output of private industries in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Virginia's economic health and productivity, used by economists and policymakers to track performance and identify growth trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted formula applied to private industry gross domestic product (GDP) in Virginia.
Q: How is this trend used in economic policy?
A: This index informs policy decisions and market analysis related to the Virginia economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with typical update delays of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Private Industries in Virginia (VAPIQQGSP), retrieved from FRED.