Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Ohio
OHBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,377.90
Year-over-Year Change
-18.55%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) for the broadcasting (except internet) and telecommunications industries in Ohio. It provides insights into the performance and growth of these key sectors within 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 OHBRDTELENGSP series tracks the total economic output generated by the broadcasting (except internet) and telecommunications industries in Ohio. This data is used by economists and policymakers to analyze the strength and trends within these technology-driven industries and their contribution to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of their regional GDP estimates.
Historical Context
This economic trend is relevant for understanding the competitiveness and growth potential of Ohio's technology and communications sectors.
Key Facts
- Ohio's broadcasting and telecommunications industries account for over 4% of the state's GDP.
- This sector has experienced steady growth, outpacing the overall state economy in recent years.
- The data is released quarterly, providing timely insights into industry performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the broadcasting (except internet) and telecommunications industries in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the performance and growth of two key technology-driven industries in Ohio, which can inform economic and policy decisions.
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 regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the competitiveness and growth potential of Ohio's technology and communications sectors, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly, providing timely insights into industry performance, though there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Ohio (OHBRDTELENGSP), retrieved from FRED.