Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Wisconsin
WISAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
412.05
Year-over-Year Change
530.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the chain-type quantity index for real GDP in the support activities for mining industry in Wisconsin. It provides insight into the output and productivity of this crucial sector.
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 in the support activities for mining industry in Wisconsin tracks the inflation-adjusted output of this economic activity over time. It is an important indicator of the industry's contribution to the state's overall economic performance.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Historical Context
This metric helps policymakers and analysts understand trends in Wisconsin's energy and resource extraction sectors.
Key Facts
- Wisconsin is a major energy and mining state.
- The mining support sector contributes significantly to the state's GDP.
- This index tracks inflation-adjusted output in the industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the chain-type quantity index for real GDP in the support activities for mining industry in Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the output and productivity of a crucial sector in Wisconsin's economy, helping policymakers and analysts understand trends in the state's energy and resource extraction industries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting practices.
Q: How is this trend used in economic policy?
A: This metric helps policymakers and analysts understand trends in Wisconsin's energy and resource extraction sectors, which can inform economic and energy policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Wisconsin (WISAMINQGSP), retrieved from FRED.