Chain-Type Quantity Index for Real GDP: Information (51) in Alabama
ALINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.44
Year-over-Year Change
17.26%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Alabama measures the real output of the information industry in Alabama over time. This economic indicator provides insight into the productivity and growth of a key sector of the state's economy.
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 tracks the inflation-adjusted output for various industries in the United States. The Information (51) index specifically measures the real economic activity of the information sector, which includes industries like publishing, telecommunications, and data processing, in the state of Alabama.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Historical Context
This index is used by economists and policymakers to analyze the performance and competitiveness of Alabama's information industry.
Key Facts
- The information sector accounts for over 6% of Alabama's GDP.
- Real information output in Alabama has grown by 20% over the past decade.
- Alabama's information industry employs over 75,000 workers.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Information (51) in Alabama measures the real, inflation-adjusted output of Alabama's information industry over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the productivity and growth of a key sector of Alabama's economy, which is important for understanding the state's overall economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-weighted methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to analyze the performance and competitiveness of Alabama's information industry, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Average Weekly Earnings of All Employees: Professional and Business Services in Alabama
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Alabama (ALINFOQQGSP), retrieved from FRED.