Gross Domestic Product: Government and Government Enterprises (92) in Indiana
INGOVNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,548.30
Year-over-Year Change
58.04%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the gross domestic product (GDP) generated by government and government enterprises in the state of Indiana. It provides insight into the economic contribution of the public 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
The Gross Domestic Product: Government and Government Enterprises (92) in Indiana metric represents the total economic output, or value added, produced by government agencies and government-owned enterprises located within the state. This data point is a key indicator of the size and influence of the public sector on Indiana's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
This trend is used by economists, policymakers, and analysts to assess the role of government in Indiana's economic landscape and to inform policy decisions.
Key Facts
- Indiana's government and government enterprises account for approximately 13% of the state's total GDP.
- This trend has shown steady growth over the past decade, reflecting the expanding role of the public sector in Indiana's economy.
- The GDP of government and government enterprises in Indiana is higher than the national average for this sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or value added by government agencies and government-owned enterprises located within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size and influence of the public sector on Indiana's economy, which is crucial for policymakers and analysts to understand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and analysts to assess the role of government in Indiana's economic landscape and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Bureau of Economic Analysis, but there may be some delays in the availability of the most recent figures.
Related Trends
State Government Tax Collections, Total Selective Sales Taxes in Indiana
INTLSLTAX
Durable Manufacturing Earnings in Indiana
INEDUR
Chain-Type Quantity Index for Real GDP: Forestry, Fishing, and Related Activities (113-115) in Indiana
INFRSTFISHQGSP
Covered Employment in Indiana
INCEMPLOY
Average Hourly Earnings of All Employees: Goods Producing in Indiana
SMU18000000600000003
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Indiana
INGOVQGSP
Citation
U.S. Federal Reserve, Gross Domestic Product: Government and Government Enterprises (92) in Indiana (INGOVNGSP), retrieved from FRED.