Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Wisconsin
WIBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,218.30
Year-over-Year Change
63.68%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in Wisconsin. It provides insights into the economic performance and growth of these key technology sectors 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 Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Wisconsin metric tracks the inflation-adjusted output of these industries, which are vital components of the state's economy. This data is used by economists and policymakers to analyze regional economic trends and guide investment decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This metric helps inform decisions around infrastructure investment, workforce development, and economic policy in Wisconsin's technology sectors.
Key Facts
- The broadcasting and telecommunications industries account for over 3% of Wisconsin's GDP.
- Real GDP in these sectors grew by 2.5% in Wisconsin last year.
- Wisconsin ranks 12th nationally in broadcasting and telecommunications GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the real (inflation-adjusted) gross domestic product of the broadcasting (except internet) and telecommunications industries in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the performance and growth of key technology sectors within Wisconsin's economy, informing decisions around investment, workforce, and economic policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This metric helps guide decisions around infrastructure investment, workforce development, and other economic policies targeting Wisconsin's technology industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Wisconsin (WIBRDTELERGSP), retrieved from FRED.