Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Indiana
INAMUSERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,105.50
Year-over-Year Change
-6.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Indiana. It provides insight into the performance and growth of this key service sector.
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: Amusement, Gambling, and Recreation Industries (713) in Indiana series tracks the inflation-adjusted economic output of this industry group within the state. It is an important indicator of the overall health and competitiveness of Indiana's leisure and hospitality sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sources.
Historical Context
This metric is closely monitored by state policymakers, industry analysts, and economic development organizations to assess Indiana's business climate and tourism activity.
Key Facts
- Indiana's amusement and recreation GDP was $5.1 billion in 2021.
- This sector accounts for 2.5% of Indiana's total economic output.
- The industry grew by 8.2% in 2021 after declining in 2020 due to the pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) gross domestic product of the amusement, gambling, and recreation industries within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the performance and growth of a key service sector in Indiana's economy, which is important for assessing the state's overall business climate and tourism activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government and private sources.
Q: How is this trend used in economic policy?
A: State policymakers, industry analysts, and economic development organizations closely monitor this metric to evaluate Indiana's business environment and tourism industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
State Tax Collections: T09 General Sales and Gross Receipts Taxes for Indiana
QTAXT09QTAXCAT3INNO
Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Indiana
INBRDTELERGSP
Estimate of Median Household Income for Indiana
MHIIN18000A052NCEN
State Government Tax Collections, Motor Vehicle Operators Licenses in Indiana
INMVOPERTAX
90% Confidence Interval Lower Bound of Estimate of Percent of People Under Age 5 in Poverty for Indiana
PPCILB0T4IN18000A156NCEN
Real Gross Domestic Product: Administrative and Support and Waste Management and Remediation Services (56) in Indiana
INADMINWASTRGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Indiana (INAMUSERGSP), retrieved from FRED.