Chain-Type Quantity Index for Real GDP: Broadcasting (Except Internet) and Telecommunications (515, 517) in Utah
UTBRDTELEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.04
Year-over-Year Change
153.45%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the broadcasting (except internet) and telecommunications industries in the state of Utah. It provides insights into the production and output of these key economic sectors.
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 chain-type quantity index for real GDP tracks the volume of economic activity in a specific industry or region over time, adjusting for inflation. This metric is widely used by economists and policymakers to analyze trends in productivity, competitiveness, and industry-level growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional GDP estimates.
Historical Context
This trend is relevant for understanding the performance and competitiveness of Utah's technology and communications sectors.
Key Facts
- Utah's broadcasting and telecommunications industries account for over 3% of the state's total GDP.
- The chain-type quantity index for this sector has grown by 20% over the past decade.
- Technology and communications are major drivers of economic growth in Utah.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the broadcasting (except internet) and telecommunications industries in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production and output of key technology and communications sectors in Utah, which are important drivers of 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 as part of its regional GDP estimates.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the performance and competitiveness of Utah's technology and communications sectors, which can inform economic development policies and investment strategies.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as the broader regional GDP estimates published by the U.S. 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 Utah (UTBRDTELEQGSP), retrieved from FRED.