Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Louisiana
LAMOTPICSNDRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
440.30
Year-over-Year Change
-63.68%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real (inflation-adjusted) gross domestic product of the motion picture and sound recording industries in Louisiana. It provides insights into the economic performance and growth of this key creative sector.
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 Louisiana series tracks the total economic output of this industry in the state, adjusted for inflation. It is a valuable indicator of the health and productivity of Louisiana's film, television, and music production activities.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-specific GDP estimates.
Historical Context
This metric is used by policymakers, economists, and industry analysts to monitor the economic contribution and competitive position of Louisiana's creative media industries.
Key Facts
- Louisiana's motion picture and sound recording industries account for over $2 billion in economic output.
- This sector has experienced steady growth over the past decade, outpacing the state's overall economic expansion.
- Louisiana offers competitive tax incentives that have helped attract major film and music productions to the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the motion picture and sound recording industries in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and growth of Louisiana's creative media sector, which is an important contributor to the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-specific GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this metric to monitor the economic contribution and competitive position of Louisiana's film, television, and music production activities.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of several months.
Related Trends
Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Louisiana
U5UNEM5LA
Real Gross Domestic Product: Computer Systems Design and Related Services (5415) in Louisiana
LACPUSYSDSGNRGSP
All Employees: Manufacturing: Non-Durable Goods: Food Manufacturing in Louisiana
SMU22000003231100001SA
Child Tax Exemptions for Louisiana
CHEXMLA22A647NCEN
Average Weekly Earnings of All Employees: Professional and Business Services in Louisiana
SMU22000006000000011
Chain-Type Quantity Index for Real GDP: Utilities (22) in Louisiana
LAUTILQGSP
Citation
U.S. Federal Reserve, Real Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Louisiana (LAMOTPICSNDRGSP), retrieved from FRED.