Real Gross Domestic Product: Federal Civilian in Wisconsin
WIGOVFEDCIVRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,300.10
Year-over-Year Change
15.26%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the federal civilian sector in the state of Wisconsin. It provides important insights into the economic activity and productivity of the federal government within the state.
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 Real Gross Domestic Product: Federal Civilian in Wisconsin series tracks the inflation-adjusted value of goods and services produced by the federal civilian workforce in Wisconsin. This metric is a key indicator of the federal government's economic impact and can inform policy decisions related to public sector employment and spending.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economists use this trend to assess the federal government's role in Wisconsin's overall economic performance and growth.
Key Facts
- Federal civilian GDP in Wisconsin was $10.4 billion in 2021.
- This trend has grown by 2.3% annually on average over the past decade.
- The federal civilian sector accounts for 2.4% of Wisconsin's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the federal civilian workforce in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic impact and productivity of the federal government within Wisconsin, which is useful for policymakers and economists analyzing the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the federal government's role in Wisconsin's overall economic performance and growth, which can inform decisions related to public sector employment and spending.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several quarters, but it provides a comprehensive and reliable measure of the federal civilian sector's economic activity in Wisconsin.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Federal Civilian in Wisconsin (WIGOVFEDCIVRGSP), retrieved from FRED.