Real Gross Domestic Product: Information (51) in Arizona
AZINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,531.80
Year-over-Year Change
181.61%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic series measures the real gross domestic product (GDP) of the information sector in Arizona. It provides crucial insights into the performance and growth of Arizona's technology and digital 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 Real Gross Domestic Product: Information (51) in Arizona series tracks the inflation-adjusted total value of goods and services produced by the information industry in the state. This metric is widely used by economists and policymakers to assess the health and competitiveness of Arizona's tech-driven economic development.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
Trends in this series inform state and local government policies aimed at supporting Arizona's information and technology industries.
Key Facts
- Arizona's information sector accounts for over 7% of the state's total economic output.
- Real GDP in Arizona's information industry has grown by 30% over the past decade.
- The information sector is the third-largest contributor to Arizona's economy after trade and healthcare.
FAQs
Q: What does this economic trend measure?
A: This series measures the real, inflation-adjusted gross domestic product (GDP) of the information industry in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Tracking the performance of Arizona's information sector is crucial for understanding the state's broader economic development and competitiveness in technology-driven industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national income and product accounting methods.
Q: How is this trend used in economic policy?
A: Trends in this series inform state and local government policies aimed at supporting and growing Arizona's information and technology industries.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Arizona (AZINFORGSP), retrieved from FRED.