Gross Domestic Product: Publishing Industries (Except Internet) (511) in Rhode Island
RIPUBINDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
395.10
Year-over-Year Change
-4.73%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the publishing industries (except internet) sector in Rhode Island. It provides insights into the performance and economic contribution of this key industry within 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
The RIPUBINDNGSP series tracks the total output, or GDP, generated by publishing companies located in Rhode Island, excluding internet-based publishers. This metric is used by economists and policymakers to analyze the health and growth of this specific industry within the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey responses and other economic indicators.
Historical Context
This GDP metric is relevant for understanding Rhode Island's economic composition and competitiveness in the publishing sector compared to other states.
Key Facts
- Rhode Island's publishing GDP was $590 million in 2021.
- The publishing sector accounts for 1.4% of Rhode Island's total GDP.
- Publishing GDP in Rhode Island has grown by 7.8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total gross domestic product (GDP) generated by publishing companies located in the state of Rhode Island, excluding internet-based publishers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and economic contribution of Rhode Island's publishing industry, which is an important sector for the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using survey responses and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this GDP metric to analyze the health and growth of Rhode Island's publishing sector, which can inform economic development strategies and industry-specific policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Publishing Industries (Except Internet) (511) in Rhode Island (RIPUBINDNGSP), retrieved from FRED.