Gross Domestic Product: Private Industries in Indiana
INPINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
492,443.10
Year-over-Year Change
17.66%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the total real output of private industries in the state of Indiana. It serves as a key indicator of the state's economic performance and helps policymakers and analysts understand Indiana's economic dynamics.
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 Gross Domestic Product: Private Industries in Indiana is a measure of the total real output of private businesses and industries located within the state of Indiana. It excludes government and public sector activity, providing a focused view of private economic activity in the state.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on a variety of economic surveys and administrative sources.
Historical Context
This trend is widely used by state and local policymakers, economists, and market analysts to monitor the health and trajectory of Indiana's private sector economy.
Key Facts
- Indiana's private GDP accounts for over 85% of the state's total economic output.
- The private GDP trend has grown by an average of 2.5% annually over the past decade.
- Key private industries in Indiana include manufacturing, finance, and professional services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real output of private businesses and industries located within the state of Indiana, excluding government and public sector activity.
Q: Why is this trend relevant for users or analysts?
A: The Indiana private GDP trend provides important insights into the health and dynamics of the state's private sector economy, which is critical for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on a variety of economic surveys and administrative sources.
Q: How is this trend used in economic policy?
A: State and local policymakers use this trend to monitor the performance of Indiana's private sector, inform economic development strategies, and assess the impact of policies on the state's businesses and industries.
Q: Are there update delays or limitations?
A: The Indiana private GDP data is typically published with a 2-3 month lag, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Bureau of Economic Analysis, Gross Domestic Product: Private Industries in Indiana (INPINQGSP), retrieved from FRED.