Real Gross Domestic Product: Information (51) in Indiana
ININFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,282.90
Year-over-Year Change
48.36%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Real Gross Domestic Product: Information (51) in Indiana' series measures the inflation-adjusted economic output of the information sector in Indiana. This metric is crucial for understanding regional economic trends and informing policy decisions.
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
This series tracks the real gross domestic product (GDP) of the information industry in the state of Indiana. It is a key indicator of the performance and growth of this crucial economic sector at the state level, providing insights for policymakers and businesses.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this state-level information sector GDP data to assess regional economic conditions and make informed decisions.
Key Facts
- Indiana's information sector accounts for over 5% of the state's total GDP.
- The information industry in Indiana has grown by an average of 2.3% annually over the past decade.
- This metric is a crucial indicator of the health and competitiveness of Indiana's technology and digital economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the real (inflation-adjusted) gross domestic product of the information industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This state-level information sector GDP data provides important insights into the performance and growth of a key economic industry, which is crucial for policymakers and businesses in Indiana.
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: Policymakers and analysts use this information sector GDP data to assess regional economic conditions and make informed decisions that support the growth and competitiveness of Indiana's technology and digital economy.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the statistical agencies, and may have a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Indiana (ININFORGSP), retrieved from FRED.