Profile Picture Scott Vander Hart

created Mar 4 2020

updated Nov 27 2022

Description

This filtered view presents the change and change rate in real gross domestic product annual rate for the State of Iowa in dollars estimated quarterly. Estimated values are reported in millions of 2012 chained dollars were multiplied by 1,000,000 for use in measures and visualizations.
Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa. Quarterly GDP estimates are reported using annual rates, for ease of comparison. 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). Iowa GDP excludes 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. 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.

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Economic Statistics
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Tags
eal gross domestic product, gdp, real gdp, u.s. bureau of economic analysis, bea, goods, services, industry
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Licensing and Attribution
Data Provided By
U.S. Department of Commerce, Bureau of Economic Analysis
Source Link
https://apps.bea.gov/api
License
Public Domain U.S. Government
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Publishing Agency
State of Iowa
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Terms of Use
See license. See also methodologies used for the U.S. BEA data: https://www.bea.gov/resources/methodologies.
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