Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Indiana
INOTHSERVERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,656.70
Year-over-Year Change
-6.94%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) of the Other Services (Except Government and Government Enterprises) industry in Indiana. It provides insight into the economic performance and growth of this key service 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 Other Services (Except Government and Government Enterprises) industry includes a diverse range of establishments that provide personal services, repair and maintenance services, and other professional services. This metric offers economists and policymakers a granular view of a vital component of Indiana's overall economic activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates.
Historical Context
Tracking this trend can help inform decisions around economic development, workforce planning, and policy initiatives targeting the service sector in Indiana.
Key Facts
- Indiana's Other Services industry accounts for over 4% of the state's total GDP.
- This sector has experienced steady growth, outpacing the national average in recent years.
- The Other Services industry in Indiana employs over 150,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the Other Services (Except Government and Government Enterprises) industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Tracking this industry-level GDP metric provides valuable insights into the performance and growth of a key service sector within Indiana's economy, informing economic development and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP estimates for the state of Indiana.
Q: How is this trend used in economic policy?
A: This trend can help inform decisions around economic development, workforce planning, and policy initiatives targeting the service sector in Indiana.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
Related Trends
Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Indiana
INMINNQGSP
All Employees: Durable Goods: Engine, Turbine, and Power Transmission Equipment Manufacturing in Indiana
SMU18000003133360001A
Commercial Carbon Dioxide Emissions, Distillate Fuel for Indiana
EMISSCO2VDFCCBINA
Average Hourly Earnings of Production Employees: Education and Health Services: Health Care and Social Assistance in Indiana
SMU18000006562000008
Chain-Type Quantity Index for Real GDP: Real Estate and Rental and Leasing (53) in Indiana
INRERENTLEAQGSP
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Indiana
INNMMPMANQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Indiana (INOTHSERVERQGSP), retrieved from FRED.