Gross Domestic Product: Information (51) in Arizona
AZINFONQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,836.20
Year-over-Year Change
14.57%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the Gross Domestic Product (GDP) of the information industry (NAICS 51) in the state of Arizona. It is an important indicator of the size and growth of Arizona's technology and digital media 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 AZINFONQGSP series tracks the total economic output of Arizona's information industry, which includes businesses in publishing, telecommunications, data processing, and other information-based activities. This metric provides insight into the performance and contribution of a key driver of Arizona's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
Policymakers and businesses use this trend to assess the health and competitiveness of Arizona's information sector compared to other states and the national economy.
Key Facts
- Arizona's information industry GDP was $39.3 billion in 2021.
- The information sector accounts for 9.3% of Arizona's total economic output.
- GDP in Arizona's information industry grew by 4.2% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or gross domestic product (GDP) of the information industry (NAICS sector 51) in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the performance and contribution of Arizona's technology, media, and information-based sectors, which are key drivers of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this trend to assess the health and competitiveness of Arizona's information sector compared to other states and the national economy.
Q: Are there update delays or limitations?
A: The data is released annually with a lag of several months, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Information (51) in Arizona (AZINFONQGSP), retrieved from FRED.