Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Ohio
OHBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.09
Year-over-Year Change
1.36%
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 Ohio measures the real economic output of the broadcasting and telecommunications industries in the state.
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 Ohio's broadcasting and telecommunications sectors, adjusting for price changes to provide a measure of real economic activity. It is a valuable indicator for analyzing trends in these important industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Historical Context
This metric helps inform economic policy and business decisions related to Ohio's communications sector.
Key Facts
- The index uses 2012 as the base year.
- Ohio's broadcasting and telecom sectors account for over 3% of the state's GDP.
- This metric tracks volume changes, not just revenue or employment.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Ohio's broadcasting and telecommunications industries.
Q: Why is this trend relevant for users or analysts?
A: It provides valuable insight into the performance and economic contribution of these key communications sectors in Ohio.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects the underlying data and calculates the chain-type quantity index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of Ohio's communications industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
Related Trends
Housing Inventory: Median Home Size in Square Feet Month-Over-Month in Ohio
MEDSQUFEEMMOH
Civilian Labor Force in Ohio
OHLF
All Employees: Education and Health Services: Private Education and Health Services in Ohio
OHEDUH
Commercial Carbon Dioxide Emissions, Kerosene for Ohio
EMISSCO2VKSCCBOHA
Educational Services Wages and Salaries in Ohio
OHWEDU
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Ohio
SMU39000004244100001SA
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Ohio (OHBRDTELEQGSP), retrieved from FRED.