Real Gross Domestic Product: Information (51) in Iowa
IAINFORGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,618.30
Year-over-Year Change
64.62%
Date Range
1/1/1997 - 1/1/2024
Summary
The Real Gross Domestic Product: Information (51) in Iowa trend measures the inflation-adjusted economic output of the information sector in the state of Iowa. This metric is crucial for understanding the dynamics and performance of Iowa's information-based 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
The Real Gross Domestic Product: Information (51) in Iowa indicator tracks the total value of goods and services produced by the information industry in Iowa, adjusted for price changes. It provides insights into the state's information sector productivity and its contribution to overall economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This trend is widely used by economists, policymakers, and business analysts to assess the competitive position and developmental prospects of Iowa's information industry.
Key Facts
- Iowa's information sector accounts for about 5% of the state's total economic output.
- The information industry in Iowa has experienced steady growth over the past decade.
- Productivity gains in the information sector have been a key driver of Iowa's economic expansion.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Information (51) in Iowa trend measures the inflation-adjusted economic output of the information sector in the state of Iowa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the dynamics and performance of Iowa's information-based economy, which is an important contributor to the state's overall economic growth.
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 trend is widely used by economists, policymakers, and business analysts to assess the competitive position and developmental prospects of Iowa's information industry, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Information (51) in Iowa (IAINFORGSP), retrieved from FRED.