Real Gross Domestic Product: Information (51) in Colorado
COINFORQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,634.20
Year-over-Year Change
13.25%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) of the information industry in Colorado. It is a key indicator of economic activity and productivity in this important 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 GDP for the information industry in Colorado is a measure of the total economic output of this sector, adjusted for inflation. It provides insights into the growth and performance of this part of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists, policymakers, and businesses to understand economic conditions and make informed decisions.
Key Facts
- Colorado's information industry accounts for over 6% of the state's GDP.
- The information sector includes industries like technology, media, and telecommunications.
- Real GDP growth in Colorado's information industry has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the information industry in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and growth of a key sector of Colorado's economy, which is important for understanding overall economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and businesses use this metric to assess economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of the data.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Colorado (COINFORQGSP), retrieved from FRED.