Gross Domestic Product: Government and Government Enterprises (92) in Indiana
INGOVNQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,030.70
Year-over-Year Change
18.27%
Date Range
1/1/2005 - 1/1/2025
Summary
The 'Gross Domestic Product: Government and Government Enterprises (92) in Indiana' metric measures the economic output of government and government-related industries in the state of Indiana. This data is important for policymakers and economists to assess the contribution of the public sector to Indiana's overall economic activity.
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 series represents the inflation-adjusted value added by government and government enterprises, which includes federal, state, and local government agencies and public sector entities like public hospitals and schools, to Indiana's gross domestic product. Economists use this data to understand the role of the public sector in the state's economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of government administrative records and surveys.
Historical Context
Policymakers and market analysts closely monitor this metric to gauge the fiscal health and economic influence of government in Indiana.
Key Facts
- Indiana's government and government enterprises account for over 15% of the state's GDP.
- This metric has shown steady growth over the past decade, reflecting the expanding role of the public sector.
- The government sector is a major employer and driver of economic activity in Indiana.
FAQs
Q: What does this economic trend measure?
A: This metric measures the inflation-adjusted economic output or value added by government and government-related enterprises in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data is important for policymakers and economists to understand the role and contribution of the public sector in Indiana's overall economic performance.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data using government administrative records and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to gauge the fiscal health and economic influence of government in Indiana.
Q: Are there update delays or limitations?
A: This data is updated quarterly by the Bureau of Economic Analysis with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Government and Government Enterprises (92) in Indiana (INGOVNQGSP), retrieved from FRED.