Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Alabama
ALBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,320.00
Year-over-Year Change
10.27%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in Alabama. It provides valuable insights into the performance and economic contribution of these key sectors within the state.
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 GDP for broadcasting (except internet) and telecommunications industries in Alabama represents the total economic output generated by these sectors. It is a useful indicator for analyzing the strength and growth of Alabama's information and communication technology ecosystem.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard GDP accounting methods.
Historical Context
This trend is relevant for policymakers, industry analysts, and businesses to assess the economic importance and dynamics of Alabama's broadcasting and telecommunications industries.
Key Facts
- Alabama's broadcasting and telecommunications GDP was $8.6 billion in 2021.
- This sector accounts for 2.7% of Alabama's total economic output.
- The industry has seen 3.2% annual growth over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the economic performance and contribution of Alabama's information and communication technology sectors, which is valuable for policymakers, industry analysts, and businesses.
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 GDP accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and industry stakeholders to assess the economic importance and dynamics of Alabama's broadcasting and telecommunications sectors, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and potential delays in release.
Related Trends
Imports of Goods for Alabama
IMPTOTAL
Real Gross Domestic Product: Accommodation and Food Services (72) in Alabama
ALACCFDRGSP
Durable Manufacturing Earnings in Alabama
ALEDUR
Housing Inventory: Average Listing Price Year-Over-Year in Alabama
AVELISPRIYYAL
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Alabama
SMU01000004142300001SA
Number of Identified Exporters to Greece from Alabama
ALGRCA475SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Alabama (ALBRDTELENGSP), retrieved from FRED.