Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Florida
FLACCOMDQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.58
Year-over-Year Change
5.51%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Florida measures the real output of the accommodation and food services sector in the state. This data is crucial for analyzing the performance and trends of a key industry within Florida'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
This index tracks the quantity-based real GDP, or inflation-adjusted economic output, of the accommodation and food services industry in Florida. It provides valuable insights into the overall health and growth of this important sector, which includes hotels, restaurants, and other hospitality businesses.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP information.
Historical Context
This trend is widely used by economists, policymakers, and industry analysts to monitor the economic conditions and outlook for Florida's tourism and hospitality sectors.
Key Facts
- The index is seasonally adjusted to account for fluctuations throughout the year.
- Florida's accommodation and food services sector accounts for a significant portion of the state's overall economic output.
- The trend can signal changes in consumer spending, business investment, and other economic factors impacting the hospitality industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output of the accommodation and food services sector in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: This data provides crucial insights into the performance and growth of a key industry within Florida's economy, which is heavily dependent on tourism and hospitality.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry-level GDP information.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and industry analysts to monitor the economic conditions and outlook for Florida's tourism and hospitality sectors, which have significant implications for the state's overall economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the same publication schedules and potential revisions as other economic indicators released by the U.S. government.
Related Trends
Estimated Percent of People of All Ages in Poverty for Florida
PPAAFL12000A156NCEN
Chain-Type Quantity Index for Real GDP: Motion Picture and Sound Recording Industries (512) in Florida
FLMOTPICSNDQGSP
Real Gross Domestic Product: Accommodation (721) in Florida
FLACCOMDRGSP
Real Gross Domestic Product: Manufacturing (31-33) in Florida
FLMANRQGSP
All Employees: Manufacturing: Durable Goods: Transportation Equipment Manufacturing in Florida
SMU12000003133600001SA
Number of Identified Exporters to Slovenia from Florida
FLSVNA475SCEN
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Accommodation and Food Services (72) in Florida (FLACCOMDQQGSP), retrieved from FRED.