Gross Domestic Product: Information (51) in Indiana
ININFONQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,097.20
Year-over-Year Change
19.14%
Date Range
1/1/2005 - 1/1/2025
Summary
The Gross Domestic Product: Information (51) in Indiana series measures the total economic output of the information sector in the state of Indiana. This metric is important for analyzing the strength and growth of the state's technology and digital industries.
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 Gross Domestic Product: Information (51) in Indiana represents the contribution of the information sector, including industries like publishing, telecommunications, and data processing, to the overall economic activity in the state. It is a key indicator of the role that technology and information-based businesses play in Indiana's economy.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and economic development agencies use this metric to understand Indiana's competitiveness in the information and technology sectors.
Key Facts
- Indiana's information sector accounts for over 5% of the state's total economic output.
- The information industry in Indiana has grown by 3.2% annually over the past 5 years.
- Technology and digital services make up the fastest-growing component of Indiana's information sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or gross domestic product (GDP) of the information sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: The information sector's contribution to Indiana's economy is an important indicator of the state's competitiveness in technology-driven industries and digital services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to understand Indiana's strengths in the information economy and guide investments and initiatives to support the growth of technology-based businesses.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately 3 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Information (51) in Indiana (ININFONQGSP), retrieved from FRED.