Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Indiana
INDATAWWWQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.68
Year-over-Year Change
229.09%
Date Range
1/1/1997 - 1/1/2023
Summary
The Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Indiana measures the real output of this industry in the state, providing insights into the growth and performance of the technology and information services sector.
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 GDP, or output volume, of businesses providing data processing, hosting, and other information services in Indiana. It is a key indicator of the economic health and productivity of the state's tech and digital economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using state-level real GDP estimates.
Historical Context
This index informs policymakers and businesses about trends in Indiana's information services industry and its contribution to the state's overall economic growth.
Key Facts
- The index has a base year of 2012.
- Data is available quarterly from 2005 to present.
- Indiana's information services sector accounts for over 3% of the state's total real GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of businesses providing data processing, hosting, and other information services in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the growth and performance of Indiana's technology and digital economy, which is an important driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using state-level real GDP estimates.
Q: How is this trend used in economic policy?
A: This index informs policymakers and businesses about trends in Indiana's information services industry and its contribution to the state's economic growth, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is available quarterly with a relatively short lag, providing timely insights into the performance of Indiana's information services sector.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Data Processing, Hosting, and Other Information Services (518-519) in Indiana (INDATAWWWQGSP), retrieved from FRED.