Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Wisconsin
WIAMUSENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,568.70
Year-over-Year Change
78.16%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Wisconsin. It provides insight into the performance and contribution of this sector to the state's overall economic activity.
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 WIAMUSENGSP series tracks the GDP generated by establishments primarily engaged in operating amusement, gambling, and recreation facilities and services in Wisconsin. This data is used by economists and policymakers to analyze the growth and health of Wisconsin's recreational and tourism-related industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP estimates for states and local areas.
Historical Context
This trend is relevant for understanding Wisconsin's economic diversification and the role of the leisure and hospitality sector in the state's overall economic performance.
Key Facts
- Wisconsin's amusement, gambling, and recreation GDP was $3.9 billion in 2021.
- This sector accounts for approximately 2% of Wisconsin's total GDP.
- The GDP of this industry in Wisconsin has grown by 12% since 2016.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) generated by the amusement, gambling, and recreation industries in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and contribution of Wisconsin's leisure and hospitality sector, which is important for understanding the state's economic diversification and overall growth.
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 comprehensive GDP estimates for states and local areas.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the growth and health of Wisconsin's recreational and tourism-related industries, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with some potential for minor revisions over time as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Wisconsin (WIAMUSENGSP), retrieved from FRED.