Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Connecticut
CTAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.51
Year-over-Year Change
45.97%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Connecticut measures the real output of this economic sector in the state.
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 provides a measure of the real, inflation-adjusted output of the amusement, gambling, and recreation industries in Connecticut. It is used by economists and policymakers to analyze the state's economic performance and trends in this key service sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This index offers insight into the health and dynamics of Connecticut's leisure and hospitality industry.
Key Facts
- This index is published quarterly by the U.S. Bureau of Economic Analysis.
- The base year for the index is 2012.
- The index reached a high of 125.17 in Q4 2019 before declining during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This index measures the real, inflation-adjusted output of the amusement, gambling, and recreation industries in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into the performance and health of Connecticut's leisure and hospitality sector, which is a key part of the state's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the state of Connecticut's service sector and make informed decisions about economic policies and programs.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical 2-3 month delay after the end of the reference period.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Connecticut (CTAMUSEQGSP), retrieved from FRED.