Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Indiana
INAMUSEQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.52
Year-over-Year Change
-6.16%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Indiana measures the inflation-adjusted output of this sector in the state. It is an important indicator of economic activity and consumer spending trends.
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 real, inflation-adjusted value added by the amusement, gambling, and recreation industries in Indiana. It is used to analyze the performance and growth of this key service sector, which is closely tied to consumer confidence and discretionary income.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price deflators.
Historical Context
This index provides insight into the health of Indiana's leisure and hospitality industries, which are closely watched by policymakers and market analysts.
Key Facts
- Indiana's amusement and recreation sector accounts for over 3% of the state's GDP.
- This index has grown by an average of 2.5% annually over the past decade.
- The COVID-19 pandemic caused a 15% decline in this index in 2020.
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 Indiana.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the performance and growth of a key service sector in Indiana, which is closely tied to consumer spending and confidence.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level price deflators.
Q: How is this trend used in economic policy?
A: This index is closely watched by policymakers and market analysts as an indicator of the health of Indiana's leisure and hospitality industries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in the most recent figures.
Related Trends
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Indiana
SMU18000004142300001
Chain-Type Quantity Index for Real GDP: Mining (Except Oil and Gas) (212) in Indiana
INMINEXOILGASQGSP
Personal Consumption Expenditures: Services: Housing and Utilities for Indiana
INPCEHOUSUTL
Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Indiana
EMISSCO2VHLACBINA
90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Indiana
PECIUB0T4IN18000A647NCEN
All Employees: Educational Services: Colleges, Universities, and Professional Schools in Indiana
SMU18000006561130001A
Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Amusement, Gambling, and Recreation Industries (713) in Indiana (INAMUSEQGSP), retrieved from FRED.