Value-Added Output for Private Nonfarm in Indiana
IPUZNT300180000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
443,920.12
Year-over-Year Change
78.29%
Date Range
1/1/2007 - 1/1/2024
Summary
The Value-Added Output for Private Nonfarm in Indiana tracks the economic output of private industries in the state, excluding agriculture. This metric is important 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
Value-Added Output measures the contribution of private industries to a state's gross domestic product, excluding the agricultural sector. It provides insights into the overall health and productivity of the non-farm private economy within Indiana.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and administrative records.
Historical Context
This metric is used by policymakers, analysts, and businesses to assess the performance of Indiana's private sector and make informed decisions about economic development strategies.
Key Facts
- Value-Added Output in Indiana's private nonfarm sector was $336.7 billion in 2021.
- Manufacturing is the largest contributor to Indiana's private nonfarm value-added output.
- The state's value-added output has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Value-Added Output for Private Nonfarm in Indiana measures the economic contribution of private industries in the state, excluding agriculture.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and productivity of Indiana's private sector, which is crucial for understanding regional economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses use this metric to assess the performance of Indiana's private sector and make informed decisions about economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may be subject to revisions as more complete information becomes available.
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All Employees: Professional and Business Services: Professional, Scientific, and Technical Services in Indiana
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Spliced Business Formations Within Eight Quarters: Total for All NAICS in Indiana
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Citation
U.S. Bureau of Economic Analysis, Value-Added Output for Private Nonfarm in Indiana (IPUZNT300180000), retrieved from FRED.