Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Carolina
NCBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,061.80
Year-over-Year Change
92.94%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in North Carolina. It provides insight into the productivity and growth of these key sectors in the state's 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
The Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Carolina metric tracks the inflation-adjusted economic output of these industries within the state. It is used by economists and policymakers to analyze the relative performance and contribution of these telecommunications-related sectors to North Carolina's overall economic activity.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry estimates.
Historical Context
The trend is relevant for understanding the state of North Carolina's telecommunications infrastructure and its impact on business growth and consumer access.
Key Facts
- North Carolina is a major hub for telecommunications companies.
- The broadcasting and telecommunications sector accounts for over 3% of the state's GDP.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) gross domestic product of the broadcasting (except internet) and telecommunications industries located in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and economic contribution of key telecommunications-related sectors in North Carolina, which is important for understanding the state's broader economic performance and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their GDP by industry estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the state of North Carolina's telecommunications infrastructure and its impact on business growth and consumer access.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bureau of Economic Analysis, but there may be some time lag between the current period and when the information is published.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in North Carolina (NCBRDTELERGSP), retrieved from FRED.