Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Carolina
NCBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.37
Year-over-Year Change
92.94%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Carolina measures the real output of these industries in the state. It is a key indicator of economic activity and productivity in the telecommunications and broadcasting sectors.
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 volume of goods and services produced by the broadcasting and telecommunications industries in North Carolina, adjusted for inflation. It is used by economists and policymakers to assess growth, productivity, and competitiveness in these important technology-driven sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Trends in this index inform decisions related to economic development, infrastructure investment, and industry regulation.
Key Facts
- The index has a base year of 2012 = 100.
- North Carolina accounts for over 3% of U.S. GDP in these industries.
- The index reached a record high in 2019 before declining in 2020.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the broadcasting and telecommunications industries in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the productivity and competitiveness of key technology-driven sectors in the North Carolina economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Q: How is this trend used in economic policy?
A: Trends in this index inform decisions related to economic development, infrastructure investment, and industry regulation in North Carolina.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Carolina (NCBRDTELEQGSP), retrieved from FRED.