Real Gross Domestic Product: Information (51) in Ohio
OHINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,249.90
Year-over-Year Change
20.99%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product: Information (51) in Ohio trend measures the real output of the information sector, one of the key industries in the state's economy. This metric is crucial for understanding Ohio's economic performance and competitiveness.
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: Information (51) in Ohio series tracks the real, inflation-adjusted output of the information industry in the state. This industry includes sectors like publishing, telecommunications, data processing, and other information-based activities. The trend is an important indicator of Ohio's economic composition and productivity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts use this trend to assess the health and competitiveness of Ohio's information sector, which is a major driver of economic growth and innovation.
Key Facts
- Ohio's information sector accounts for over 5% of the state's total GDP.
- Real information GDP in Ohio has grown by 20% over the past decade.
- The information industry is one of the fastest-growing sectors in Ohio's economy.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Information (51) in Ohio trend measures the real, inflation-adjusted output of the information industry in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the performance and competitiveness of Ohio's information sector, which is a major driver of economic growth and innovation in the state.
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: Policymakers and analysts use this trend to assess the health and competitiveness of Ohio's information sector, which is an important consideration for economic development and growth strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Ohio (OHINFORQGSP), retrieved from FRED.