Chain-Type Quantity Index for Real GDP: Information (51) in Rhode Island
Quarterly, Seasonally Adjusted
RIINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.33
Year-over-Year Change
15.52%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the inflation-adjusted gross state product (GSP) for the information industry sector on a quarterly basis. This metric is a key indicator of economic activity and productivity in the information sector.
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 Quarterly, Seasonally Adjusted series tracks the real, inflation-adjusted value of goods and services produced by the information industry in the United States. This data provides insights into the health and growth of the information sector, which includes industries like publishing, telecommunications, and data processing.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
Policymakers and economists closely monitor this information industry GSP metric to assess broader economic trends and make informed decisions.
Key Facts
- The information industry accounts for approximately 5% of total U.S. GDP.
- This sector has experienced steady growth over the past decade.
- The COVID-19 pandemic had a mixed impact on the information industry, with some segments (e.g., telecommunications) seeing increased demand.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted series measures the inflation-adjusted gross state product (GSP) for the information industry sector in the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and growth of the information sector, which is a key driver of the broader U.S. economy. It is closely monitored by policymakers and economists to assess economic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this information industry GSP metric to assess broader economic trends and make informed decisions about policies and interventions that may impact the information sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some delay from the end of the reference period. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (RIINFOQQGSP), retrieved from FRED.