Chain-Type Quantity Index for Real GDP: Educational Services (61) in Indiana
INEDCATQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.06
Year-over-Year Change
14.72%
Date Range
1/1/2005 - 1/1/2025
Summary
The Chain-Type Quantity Index for Real GDP: Educational Services (61) in Indiana measures the inflation-adjusted output of the educational services sector in the state's economy. This metric is important for economists and policymakers to understand trends in educational productivity and investment.
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 changes in the real output of the educational services industry in Indiana, including public and private schools, colleges, and other learning institutions. It is a key indicator of economic activity and productivity in the state's education sector.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Historical Context
This metric is used by economists, analysts, and policymakers to monitor the health and performance of Indiana's education industry.
Key Facts
- Indiana's educational services sector accounts for approximately 3% of the state's total GDP.
- The index uses 2012 as the base year with a value of 100.
- Chain-type indexes are designed to track volume changes over time.
FAQs
Q: What does this economic trend measure?
A: This index measures the inflation-adjusted, or 'real', output of the educational services industry in the state of Indiana. It tracks changes in the production volume of this sector.
Q: Why is this trend relevant for users or analysts?
A: The educational services industry is an important part of Indiana's economy, and this metric provides insight into productivity and investment trends in this sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a chain-type quantity index formula.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers use this metric to monitor the health and performance of Indiana's education industry, which informs decisions around funding, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with a lag of several months between the reference period and publication.
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Citation
U.S. Federal Reserve, Chain-Type Quantity Index for Real GDP: Educational Services (61) in Indiana (INEDCATQQGSP), retrieved from FRED.