Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in North Carolina
NCAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.07
Year-over-Year Change
39.64%
Date Range
1/1/1997 - 1/1/2023
Summary
This index measures the chain-type quantity for real GDP in the amusement, gambling, and recreation industries in North Carolina. It provides insights into the economic performance of this key 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 for Real GDP: Amusement, Gambling, and Recreation Industries (713) in North Carolina tracks the volume of economic activity in this service-oriented industry. It is a valuable indicator for analyzing the state's economic growth and sectoral trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted real GDP figures.
Historical Context
This index is used by economists and policymakers to assess the health and contribution of the recreation and entertainment industry in North Carolina.
Key Facts
- The index is calculated using chain-weighted real GDP data.
- The recreation industry is a key component of North Carolina's economy.
- Tracking this index provides insights into the state's economic performance.
FAQs
Q: What does this economic trend measure?
A: This index measures the chain-type quantity for real GDP in the amusement, gambling, and recreation industries in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This index is a valuable indicator for analyzing the health and contribution of the recreation and entertainment industry in North Carolina.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using chain-weighted real GDP figures.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to assess the economic performance of North Carolina's recreation and entertainment sector.
Q: Are there update delays or limitations?
A: The data is subject to the same publication schedule and limitations as the overall real GDP statistics for North Carolina.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in North Carolina (NCAMUSEQGSP), retrieved from FRED.