Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Indiana
INSAMINQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.61
Year-over-Year Change
360.69%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Indiana measures the real output of the mining support services industry in the state. This trend is an important economic indicator for monitoring the health and productivity of the mining 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 tracks the volume of economic activity for a given industry or sector, adjusted for inflation. It provides a measure of real output that is useful for analyzing industry performance and economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other economic indicators.
Historical Context
This index is used by policymakers, researchers, and industry analysts to assess the state of Indiana's mining support services sector and its contribution to the broader economy.
Key Facts
- The index is based on 2012 as the reference year.
- Mining support services account for around 1% of Indiana's GDP.
- The index reached a high of 126.96 in Q4 2018.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output, or volume of economic activity, for the mining support services industry in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the performance and productivity of a key industry in Indiana's economy, which is important for policymakers, businesses, and researchers analyzing economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, researchers, and industry analysts to assess the state of Indiana's mining support services sector and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Federal Reserve, with typical update delays of 1-2 months.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Support Activities for Mining (213) in Indiana (INSAMINQGSP), retrieved from FRED.