Chain-Type Quantity Index for Real GDP: Information (51) in Massachusetts
MAINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187.05
Year-over-Year Change
26.72%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Massachusetts measures the inflation-adjusted output of the information industry in the state. This trend is a key indicator of the economic health and productivity of a critical 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 Chain-Type Quantity Index tracks changes in the real, inflation-adjusted output of the information industry, which includes sectors like publishing, telecommunications, and data processing. It is an important measure of economic activity and productivity growth in this knowledge-intensive component of the Massachusetts economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level price and quantity information.
Historical Context
Policymakers and analysts use this index to assess the performance and competitiveness of the information sector, which is a major driver of economic growth in many regions.
Key Facts
- Massachusetts has a large and diverse information sector.
- The information industry accounts for over 10% of the state's GDP.
- The index has grown by over 50% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Information (51) in Massachusetts measures the inflation-adjusted output or production of the information industry in the state.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of the economic health and productivity of a critical sector in Massachusetts, providing insights into the competitiveness and growth of the state's information industry.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using detailed industry-level price and quantity information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the performance and competitiveness of the information sector, which is a major driver of economic growth in many regions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Massachusetts (MAINFOQQGSP), retrieved from FRED.