Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Indiana
INDATAWWWRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,705.20
Year-over-Year Change
229.13%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the data processing, hosting, and other information services industry in Indiana. It provides insight into the performance and growth of this key technology sector within the state's 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 (GDP) trend tracks the inflation-adjusted economic output of the data processing, hosting, and other information services industry in Indiana. This measure is used by economists and policymakers to assess the strength and trajectory of this technology-driven sector and its contribution to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic trend is relevant for understanding Indiana's technological competitiveness and the role of the information services industry in driving economic growth and employment within the state.
Key Facts
- The data processing, hosting, and information services industry accounts for over 2% of Indiana's total GDP.
- This sector has experienced steady growth, with a 5-year average annual increase of 3.2%.
- Indiana ranks among the top 10 states nationally for employment in the information services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the data processing, hosting, and other information services industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and growth of a key technology-driven sector within Indiana's economy, which is important for understanding the state's economic competitiveness and diversification.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to assess the strength and trajectory of Indiana's information services sector and its contribution to the state's overall economic growth and employment.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Indiana (INDATAWWWRGSP), retrieved from FRED.