Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Alabama
ALAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.07
Year-over-Year Change
25.03%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Alabama measures the real output of the amusement, gambling, and recreation sector in the state over time. This trend is a key indicator of economic activity and consumer demand in this important industry.
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 tracks changes in the real (inflation-adjusted) volume of goods and services produced by the amusement, gambling, and recreation industries in Alabama. This metric provides insight into the relative growth or decline of this sector compared to the overall state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is used by economists, policymakers, and industry analysts to understand broader economic conditions and consumer behavior patterns in Alabama.
Key Facts
- The index is based on 2012 as the reference year.
- The amusement, gambling, and recreation sector accounts for over 3% of Alabama's GDP.
- This trend saw a significant decline during the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Alabama measures the real output of the amusement, gambling, and recreation sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the relative growth or decline of the amusement, gambling, and recreation industries in Alabama compared to the overall state economy, which is useful for understanding broader economic conditions and consumer behavior patterns.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to understand broader economic conditions and consumer spending patterns in Alabama.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with potential delays in availability.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Alabama (ALAMUSEQGSP), retrieved from FRED.