Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Rhode Island
RIBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.50
Year-over-Year Change
30.54%
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 Rhode Island measures the real economic output of these 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 provides a measure of the quantity, or volume, of production in the broadcasting and telecommunications industries in Rhode Island, adjusted for inflation. It is a valuable indicator of economic activity and productivity in these key service sectors.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula that tracks changes in real output over time.
Historical Context
Policymakers and analysts use this metric to assess the health and growth of Rhode Island's broadcasting and telecommunications industries.
Key Facts
- The index has a base year of 2012.
- It covers NAICS industries 515 and 517.
- Rhode Island's broadcasting and telecom sectors account for a significant portion of the state's economic output.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the broadcasting and telecommunications industries in Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: It provides valuable insight into the productivity and economic performance of these key service sectors in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and growth of Rhode Island's broadcasting and telecommunications industries.
Q: Are there update delays or limitations?
A: The data is released with the standard delays for regional economic data from the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Rhode Island (RIBRDTELEQGSP), retrieved from FRED.