Real Gross Domestic Product: Construction (23) in Indiana
INCONSTRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,978.70
Year-over-Year Change
4.07%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product (GDP): Construction (23) in Indiana measure the inflation-adjusted output of the construction industry in the state. This trend is a key indicator of economic activity and investment in the state's built environment.
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 GDP: Construction (23) in Indiana represents the value-added output of the construction sector, which includes residential, commercial, and infrastructure building projects. This metric provides insight into the health and growth of the state's construction industry and its contribution to overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national GDP data and state-level economic indicators.
Historical Context
Policymakers and industry analysts track this trend to assess the business cycle, investment climate, and construction sector productivity in Indiana.
Key Facts
- Indiana's construction GDP accounts for over 5% of the state's total economic output.
- The construction industry employs more than 150,000 workers in Indiana.
- Real GDP: Construction (23) in Indiana has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP): Construction (23) in Indiana measures the inflation-adjusted output and value-added of the construction industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health, growth, and productivity of Indiana's construction sector, which is a key driver of economic activity and investment in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national GDP data and state-level economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts track this trend to assess the business cycle, investment climate, and construction sector productivity in Indiana, which informs economic development strategies and infrastructure planning.
Q: Are there update delays or limitations?
A: The Real GDP: Construction (23) in Indiana data is published quarterly with a lag of approximately 2-3 months, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Construction (23) in Indiana (INCONSTRQGSP), retrieved from FRED.