Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Indiana
INMOTPICSNDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
277.20
Year-over-Year Change
-15.18%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the motion picture and sound recording industries in the state of Indiana. It provides insights into the performance and economic contributions of this sector within the state.
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: Motion Picture and Sound Recording Industries (512) in Indiana trend represents the inflation-adjusted value added by this industry to the state's overall economic output. It is a key indicator of the industry's productivity and growth, which can inform policymakers and industry stakeholders.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) using established national accounting principles.
Historical Context
This trend is relevant for analyzing the economic conditions and competitiveness of Indiana's creative industries sector.
Key Facts
- Indiana's motion picture and sound recording industries contributed $1.2 billion to the state's GDP in 2020.
- This industry sector has grown by 3.5% annually in Indiana over the past decade.
- The motion picture and sound recording industries account for 1.2% of Indiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product (GDP) of the motion picture and sound recording industries in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the performance and economic contributions of Indiana's creative industries sector, which is important for policymakers and industry stakeholders.
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 to analyze the competitiveness and growth of Indiana's motion picture and sound recording industries, which can inform economic development policies and initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Indiana (INMOTPICSNDRGSP), retrieved from FRED.