Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Wisconsin
WIARTENTRECQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.62
Year-over-Year Change
10.35%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Wisconsin measures the real output of the arts, entertainment, and recreation sector in the state's economy.
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 volume of economic activity in the arts, entertainment, and recreation industry in Wisconsin, adjusted for inflation. It is used by economists and policymakers to understand trends and growth in this important sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type index methodology.
Historical Context
The arts, entertainment, and recreation sector is a key component of many state and local economies, and this index offers insights into its performance.
Key Facts
- The index has a base year of 2012.
- The sector accounts for approximately 2% of Wisconsin's total GDP.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real (inflation-adjusted) output of the arts, entertainment, and recreation sector in the Wisconsin economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the performance and growth of an important industry sector in Wisconsin, which can inform economic policymaking and business decisions.
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 methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to track the health and contributions of the arts, entertainment, and recreation sector, which can inform decisions related to economic development, tourism, and other policy areas.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Wisconsin (WIARTENTRECQQGSP), retrieved from FRED.