Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Florida
FLBRDTELENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,886.50
Year-over-Year Change
17.81%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Florida measures the economic output of this industry 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 data series tracks the total inflation-adjusted value added by firms engaged in broadcasting (except internet) and telecommunications activities within the state of Florida. It is a key indicator of the productivity and growth of this important technology-driven industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Monitoring this economic trend is vital for understanding the competitiveness and investment climate of Florida's technology and communications sectors.
Key Facts
- Florida's broadcasting and telecom industry generated over $40 billion in 2021.
- This sector accounts for 3.4% of Florida's total economic output.
- Employment in the industry has grown by 8% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total inflation-adjusted value added by firms engaged in broadcasting (except internet) and telecommunications activities within the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend is crucial for understanding the productivity and competitiveness of Florida's technology and communications sectors, which are key drivers of economic growth 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 using established national accounting principles.
Q: How is this trend used in economic policy?
A: This metric informs policymakers and analysts about the health and investment climate of Florida's technology industries, which is vital for economic development and competitiveness strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Broadcasting (Except Internet) and Telecommunications (515, 517) in Florida (FLBRDTELENGSP), retrieved from FRED.