Chain-Type Quantity Index for Real GDP: Publishing Industries (Except Internet) (511) in Maryland
MDPUBINDQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
272.55
Year-over-Year Change
289.20%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Publishing Industries (Except Internet) (511) in Maryland measures the real, inflation-adjusted output of the publishing industry in the state. This metric is closely watched by economists and policymakers as an indicator of economic growth and structural changes in the local 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
This index tracks the quantity of real, chain-weighted GDP produced by the publishing industry in Maryland, excluding internet publishing. It provides a more accurate picture of the industry's contribution to the state's economic output compared to nominal dollar-based metrics.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Historical Context
This trend is used by analysts and policymakers to assess the health and competitiveness of Maryland's publishing sector.
Key Facts
- Maryland's publishing industry accounts for over 3% of the state's total GDP.
- The publishing sector employs nearly 20,000 workers in Maryland.
- This index has shown steady growth in the state's publishing industry over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, chain-weighted output of Maryland's publishing industry, excluding internet publishing. It provides a more accurate picture of the sector's contribution to the state's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of growth and structural changes in Maryland's economy, particularly within the publishing industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-specific price deflators.
Q: How is this trend used in economic policy?
A: This trend is used by analysts and policymakers to assess the health and competitiveness of Maryland's publishing sector, which can inform economic development strategies and industry-specific policies.
Q: Are there update delays or limitations?
A: There may be some delay in the release of this data, as it is calculated by the Bureau of Economic Analysis as part of their broader GDP reporting.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Publishing Industries (Except Internet) (511) in Maryland (MDPUBINDQGSP), retrieved from FRED.