Real GDP for the State of Iowa, Most Recent Quarterly Estimates
mydata.iowa.gov | Last Updated 30 Aug 2023This filtered view reports the most recent quarterly estimate for real gross domestic product (GDP) in Iowa. Real GDP is an inflation-adjusted measure of Iowa's gross product that is based on national prices for the goods and services produced within Iowa. Real GDP values are reported in millions of 2012 chained dollars by the U.S. Department of Commerce, Bureau of Economic Analysis, but have been converted to 2012 chained dollars for the purposes of this filtered view. Data are only accurate to the nearest $100,000. GDP is the measure of the market value of all final goods and services produced within Iowa in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The Iowa GDP a state counterpart to the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Iowa GDP differs from national GDP for the following reasons: Iowa GDP excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and Iowa GDP and national GDP have different revision schedules. GDP is reported in millions of current dollars.
This dataset has the following 4 columns:
Column Name | API Column Name | Data Type | Description | Sample Values |
---|---|---|---|---|
Variable Code | variable_code | text | Unique identifier for the variable reported | SQGDP9-1 SQGDP9-10 SQGDP9-11 SQGDP9-12 SQGDP9-13 view top 100 |
Industry | industry | text | Lists the industry sector or sub-sector the estimate is for. | Accommodation and food services Administrative and support and waste management and remediation services Agriculture, forestry, fishing and hunting All industry total Arts, entertainment, and recreation view top 100 |
Real GDP | dollars | number | Real GDP quarterly estimates are reported as an annual rate in millions of 2012 chained dollars by the U.S. Department of Commerce, Bureau of Economic Analysis, but have been converted to 2012 chained dollars for the purposes of this filtered view. Data are only accurate to the nearest $100,000. | 340500000.0 1601300000.0 1666400000.0 3253800000.0 3716500000.0 view top 100 |
Current Quarter Ending | most_current_date | calendar_date | Date associated with the most current quarterly estimate. | 2023-12-31T00:00:00.000 view top 100 |