Value Added by Industry: Government: State and Local (Chain-Type Quantity Index)
VAQIPSL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
52.63%
Date Range
4/1/2005 - 1/1/2025
Summary
The Value Added by Industry: Government: State and Local (Chain-Type Quantity Index) measures the real output of state and local government services in the United States. This metric is crucial for economists and policymakers to assess the productivity and fiscal health of the public sector.
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 tracks the volume of goods and services produced by state and local government entities, adjusting for inflation. It serves as an important indicator of government activity and efficiency, and is used to analyze the role of the public sector in the broader economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
This index informs fiscal and economic policy decisions at the state and local levels.
Key Facts
- This index has a base year of 2012.
- It covers all 50 U.S. states and thousands of local government entities.
- The index is published quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Value Added by Industry: Government: State and Local (Chain-Type Quantity Index) measures the real output of goods and services produced by state and local government entities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of the productivity and fiscal health of the public sector, and informs economic and policy decisions at the state and local levels.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This index is used by economists, policymakers, and analysts to assess the role of the public sector in the broader economy and inform fiscal and economic policy decisions at the state and local levels.
Q: Are there update delays or limitations?
A: The index is published quarterly by the Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Value Added by Industry: Government: State and Local (Chain-Type Quantity Index) (VAQIPSL), retrieved from FRED.