Real Gross Domestic Product: Information (51) in Arizona
AZINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,268.80
Year-over-Year Change
14.50%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the real gross domestic product (GDP) of the information industry (NAICS 51) in the state of Arizona. It is an important indicator of the state's economic output and productivity in this key 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 Real Gross Domestic Product: Information (51) in Arizona series tracks the total inflation-adjusted economic output of businesses in the information industry within the state. This metric provides insight into the growth and performance of this crucial part of Arizona's economy.
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 use this trend to assess the economic health and competitiveness of Arizona's information technology, telecommunications, publishing, and other information-related industries.
Key Facts
- Arizona's information industry contributed over $25 billion to state GDP in 2021.
- The information sector accounts for nearly 6% of Arizona's total economic output.
- Real GDP in Arizona's information industry has grown by 30% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real (inflation-adjusted) gross domestic product generated by businesses in the information industry (NAICS 51) within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The performance of Arizona's information sector is a key indicator of the state's overall economic health and competitiveness. This metric helps policymakers, businesses, and investors assess the growth and productivity of this crucial industry.
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 use this trend to monitor the information industry's contribution to Arizona's economy and inform decisions around economic development, workforce training, and other policies affecting this sector.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months. There may also be revisions to prior-period estimates as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Arizona (AZINFORQGSP), retrieved from FRED.