Real Gross Domestic Product: Information (51) in Massachusetts
MAINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,215.80
Year-over-Year Change
26.72%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Information (51) in Massachusetts measures the economic output of the information sector in the state, a key indicator of technology and digital service activity.
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
This metric represents the value of goods and services produced by the information industry in Massachusetts, including publishing, telecommunications, data processing, and other digital services. It is a crucial statistic for understanding the state's economic profile and competitiveness in the technology-driven economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Policymakers and business leaders use this trend to gauge the strength and trajectory of Massachusetts' information economy.
Key Facts
- Massachusetts is a major technology and innovation hub.
- The information sector accounts for over 8% of the state's GDP.
- This metric has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real (inflation-adjusted) economic output of the information sector in Massachusetts, including industries like publishing, telecommunications, and data processing.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength and competitiveness of Massachusetts' technology-driven economy, which is a key driver of the state's overall economic growth and prosperity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders use this metric to assess the performance of Massachusetts' information economy and inform decisions around economic development, workforce planning, and infrastructure investment.
Q: Are there update delays or limitations?
A: This data is published quarterly with a 2-3 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Massachusetts (MAINFORQGSP), retrieved from FRED.