Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Massachusetts
MAAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.15
Year-over-Year Change
15.90%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the amusement, gambling, and recreation industries in Massachusetts. It provides insights into the performance and growth of this important sector of the state's economy.
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 chain-type quantity index tracks changes in the real output of the amusement, gambling, and recreation industries in Massachusetts over time. This data point is useful for economists and policymakers to assess the health and trajectory of this key part of the state's service-based economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This economic indicator helps inform policy decisions and market analysis related to the recreation and leisure industry in Massachusetts.
Key Facts
- The amusement, gambling, and recreation industries account for over 3% of Massachusetts' total GDP.
- This index has shown steady growth in the state's recreation sector over the past decade.
- The data is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the amusement, gambling, and recreation industries in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and growth of an important sector of the Massachusetts economy, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This indicator helps inform policy decisions and market analysis related to the recreation and leisure industry in Massachusetts.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Massachusetts (MAAMUSEQGSP), retrieved from FRED.