Chain-Type Quantity Index for Real GDP: Information (51) in Arizona
Quarterly, Seasonally Adjusted
AZINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.36
Year-over-Year Change
14.50%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted series measures the quarterly growth rate of information services gross state product, providing insights into the performance of the information sector in the U.S. economy.
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 economic indicator tracks the output and productivity of the information services industry, which includes sectors like telecommunications, publishing, and data processing. It is used by economists and policymakers to assess the contribution of information services to overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting methods.
Historical Context
Policymakers and analysts monitor this trend to understand the health and competitiveness of the information services industry and its role in the broader U.S. economy.
Key Facts
- The information services industry accounts for over 5% of U.S. GDP.
- Quarterly growth in information services GDP averaged 1.2% from 2010-2020.
- The COVID-19 pandemic led to a sharp decline in information services GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly growth rate of information services gross state product, providing insights into the performance of the information sector in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The information services industry is a critical component of the U.S. economy, and this trend is used by economists and policymakers to assess its contribution to overall economic growth and productivity.
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 methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand the health and competitiveness of the information services industry and its role in the broader U.S. economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (AZINFOQQGSP), retrieved from FRED.