Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Alabama
ALBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.70
Year-over-Year Change
37.23%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Alabama measures the real output of the broadcasting and telecommunications industries in the state. This indicator is important for economists and policymakers to understand the productivity and growth trends in these key economic sectors.
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 index tracks the real, inflation-adjusted output of Alabama's broadcasting and telecommunications industries, which are a significant part of the state's economy. The data can be used to analyze productivity, competitiveness, and structural changes in these industries over time.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using a chain-type formula that adjusts for price changes.
Historical Context
Policymakers and industry analysts use this data to monitor the performance and competitiveness of Alabama's broadcasting and telecommunications sectors.
Key Facts
- Alabama's broadcasting and telecommunications industries account for over 3% of the state's GDP.
- The index has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic led to a 4.2% decline in the index in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of Alabama's broadcasting and telecommunications industries.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding productivity, competitiveness, and structural changes in these key economic sectors in Alabama.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using a chain-type formula that adjusts for price changes.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this data to monitor the performance and competitiveness of Alabama's broadcasting and telecommunications sectors.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Alabama (ALBRDTELEQGSP), retrieved from FRED.