Real Gross Domestic Product: All Industry Total in Indiana
INRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
423,146.80
Year-over-Year Change
6.63%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: All Industry Total in Indiana measures the total economic output of Indiana, adjusted for inflation. This key metric provides insights into the state's overall economic health and growth trends.
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 series represents the real, inflation-adjusted total value of all goods and services produced within the state of Indiana. It is a comprehensive measure of economic activity and a crucial indicator for policymakers, analysts, and businesses monitoring Indiana's economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Trends in Indiana's real GDP are closely watched by state officials, economists, and investors to gauge the state's economic conditions and outlook.
Key Facts
- Indiana's real GDP reached a record high of $377 billion in 2021.
- The state's economy grew by 3.2% in 2021 after contracting in 2020 due to the COVID-19 pandemic.
- Manufacturing is a key driver of Indiana's economy, accounting for over a fifth of the state's real GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: All Industry Total in Indiana measures the total economic output of the state, adjusted for inflation. It provides a comprehensive view of Indiana's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Indiana's overall economic performance and comparing it to national trends. It helps policymakers, businesses, and investors assess the state's economic conditions and make informed decisions.
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: Trends in Indiana's real GDP are closely monitored by state officials, economists, and investors to gauge the state's economic conditions and outlook, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The real GDP data for Indiana is typically published on a quarterly basis, with some delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: All Industry Total in Indiana (INRQGSP), retrieved from FRED.