Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Colorado
COBRDTELERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,587.90
Year-over-Year Change
38.47%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries in Colorado. It provides insights into the performance and contribution of these key sectors to the state'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
The Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Colorado series tracks the inflation-adjusted economic output of these industries within the state. It is an important indicator for understanding the growth and competitiveness of Colorado's technology and communication sectors.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is used by policymakers, economists, and industry analysts to assess the economic health and growth prospects of Colorado's broadcasting and telecommunications industries.
Key Facts
- Colorado's broadcasting and telecommunications industries account for over 4% of the state's total GDP.
- This sector has experienced steady growth, expanding by 2.5% annually on average over the past decade.
- The telecommunications subsector makes up the largest share, contributing nearly 75% of the total industry GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the broadcasting (except internet) and telecommunications industries located in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and economic contribution of Colorado's technology and communications sectors, which are key drivers of the state's economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this trend to assess the health and growth prospects of Colorado's broadcasting and telecommunications industries, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Colorado (COBRDTELERGSP), retrieved from FRED.