Chain-Type Quantity Index for Real GDP: Information (51) in Colorado
COINFOQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
216.68
Year-over-Year Change
13.26%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Information (51) in Colorado measures the inflation-adjusted output of the information sector in Colorado. This metric is critical for understanding the state's economic growth and competitiveness.
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 index tracks the real (inflation-adjusted) value of goods and services produced by Colorado's information industry, which includes sectors like technology, media, and telecommunications. Economists and policymakers use this data to analyze the state's economic performance and development.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach.
Historical Context
Trends in this index provide insight into Colorado's information technology and services landscape, which is an important driver of the state's overall economic activity.
Key Facts
- Colorado's information sector accounts for over 10% of the state's GDP.
- The index has grown by an average of 3.5% annually over the past decade.
- The information industry is the fastest-growing major sector in Colorado's economy.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of Colorado's information sector, which includes industries like technology, media, and telecommunications.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide key insights into the performance and growth of Colorado's information industry, which is a critical driver of the state's overall economic activity and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chained-dollar approach to measure real, inflation-adjusted output.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials in Colorado closely monitor this index to assess the state's technology and services sector, informing decisions around investment, workforce development, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of approximately 3 months, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Information (51) in Colorado (COINFOQQGSP), retrieved from FRED.