Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Alabama
ALARTENTRECQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.41
Year-over-Year Change
21.84%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the chain-type quantity index for real GDP in the arts, entertainment, and recreation industry in Alabama. It provides insights into the state's economic performance in this 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
The chain-type quantity index for real GDP in the arts, entertainment, and recreation industry is a key indicator of economic activity and productivity in this sector within Alabama. It is used by policymakers and analysts to evaluate trends and inform decision-making.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting methods.
Historical Context
This trend is relevant for understanding the broader economic conditions and policy decisions affecting Alabama's arts, entertainment, and recreation industry.
Key Facts
- The base year for this index is 2012.
- This index reflects volume changes, not price changes.
- The arts, entertainment, and recreation industry is a significant contributor to Alabama's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the arts, entertainment, and recreation industry in Alabama. It reflects the volume or production changes in this sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and productivity of Alabama's arts, entertainment, and recreation industry, which is a key component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate economic conditions and inform decision-making related to the arts, entertainment, and recreation industry in Alabama.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential limitations as other economic indicators published by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Alabama (ALARTENTRECQQGSP), retrieved from FRED.