Gross Domestic Product: Federal Civilian in Wisconsin
WIGOVFEDCIVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,537.60
Year-over-Year Change
59.99%
Date Range
1/1/1997 - 1/1/2024
Summary
The Gross Domestic Product: Federal Civilian in Wisconsin trend measures the economic output generated by federal civilian government activities in the state. It is an important indicator for understanding the role of the public sector in Wisconsin's economy.
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 economic indicator represents the value added to Wisconsin's GDP from federal civilian government operations, including employment, spending, and other activities. It provides insight into the size and impact of the federal government's presence in the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Historical Context
Policymakers and analysts use this trend to assess the fiscal and economic influence of the federal government in Wisconsin.
Key Facts
- Wisconsin's federal civilian GDP was $7.8 billion in 2021.
- Federal civilian activities account for about 2.3% of Wisconsin's total GDP.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product: Federal Civilian in Wisconsin trend measures the economic output generated by federal civilian government activities in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and impact of the federal government's presence in Wisconsin's economy, which is useful for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and economic modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the fiscal and economic influence of the federal government in Wisconsin.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delay in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Federal Civilian in Wisconsin (WIGOVFEDCIVNGSP), retrieved from FRED.