Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Maryland
MDBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,021.60
Year-over-Year Change
-5.50%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product (GDP) for the Broadcasting (Except Internet) and Telecommunications (515, 517) industries in Maryland measures the total economic output of these sectors in the state.
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 data series tracks the GDP, or total value of goods and services produced, specifically within the broadcasting and telecommunications industries in Maryland. It provides insight into the economic performance and contribution of these key technology and communication sectors at the state level.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the health and growth of Maryland's tech and communications economy.
Key Facts
- Maryland's broadcasting and telecommunications GDP was $12.8 billion in 2021.
- This sector accounts for over 3% of Maryland's total economic output.
- GDP in this industry has grown by 8.2% in Maryland over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total Gross Domestic Product (GDP) for the Broadcasting (Except Internet) and Telecommunications (515, 517) industries in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic performance and contribution of Maryland's tech and communications sectors, which are important drivers of the state's economy.
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: Economists, policymakers, and industry analysts use this metric to assess the health and growth of Maryland's tech and communications economy, which can inform economic development strategies and policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the Bureau of Economic Analysis, with a typical delay of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Maryland (MDBRDTELENGSP), retrieved from FRED.