Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Arizona
AZBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,432.00
Year-over-Year Change
78.37%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) of the broadcasting (except internet) and telecommunications industries in the state of Arizona. It is an important indicator of activity and productivity in these key technology and communications 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
The AZBRDTELENGSP series tracks the overall economic output and value-added from businesses involved in broadcasting (except internet) and telecommunications activities within Arizona. This data helps analyze the performance and contribution of these industries to the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources and statistical models.
Historical Context
Economists and policymakers use this trend to assess the health and competitiveness of Arizona's technology and communications industries.
Key Facts
- Arizona's broadcasting and telecommunications GDP was $8.78 billion in 2021.
- This industry accounted for 2.7% of the state's total economic output.
- The sector has seen 3.2% average annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total Gross Domestic Product (GDP) contribution from businesses in the broadcasting (except internet) and telecommunications industries located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data helps economists and policymakers understand the size, growth, and economic importance of Arizona's technology and communications sectors.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects data from various sources and uses statistical models to calculate the GDP for this industry group in Arizona.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the competitiveness and contribution of Arizona's technology and communications industries, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: This data is published annually with a lag of approximately one year, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Arizona (AZBRDTELENGSP), retrieved from FRED.