Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Wisconsin
WIBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,884.00
Year-over-Year Change
31.52%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the Gross Domestic Product (GDP) for the broadcasting (except internet) and telecommunications industries in the state of Wisconsin. It provides insights into the economic performance and growth of these key sectors in 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 WIBRDTELENGSP series tracks the GDP contribution of the broadcasting (except internet) and telecommunications industries within Wisconsin. This metric is used by economists and policymakers to analyze the state's economic structure, productivity, and industry-specific trends.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform policy decisions and private sector investments related to Wisconsin's communications and media industries.
Key Facts
- Wisconsin's broadcasting and telecommunications GDP was $7.8 billion in 2021.
- This industry sector accounts for 1.8% of Wisconsin's total GDP.
- The GDP for this industry has grown by 15% in Wisconsin over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Gross Domestic Product (GDP) for the broadcasting (except internet) and telecommunications industries in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic performance and growth of these key communications sectors within Wisconsin, which is useful for economic analysis and policymaking.
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 principles.
Q: How is this trend used in economic policy?
A: This economic indicator helps inform policy decisions and private sector investments related to Wisconsin's communications and media industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Wisconsin (WIBRDTELENGSP), retrieved from FRED.