Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Indiana
INMOTPICSNDNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
271.60
Year-over-Year Change
-16.66%
Date Range
1/1/1997 - 1/1/2023
Summary
The Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Indiana measures the total economic output of this industry in the state. It provides valuable insight into the performance and contribution of this sector to the overall Indiana economy.
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 economic trend represents the total value added by the motion picture and sound recording industries in Indiana. It is a key indicator of the productivity and growth within this important creative industry, which includes film, television, music, and other media production.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP accounts.
Historical Context
Policymakers and industry analysts closely monitor this trend to understand the dynamics and competitiveness of Indiana's creative economy.
Key Facts
- Indiana's motion picture and sound recording industry contributed $1.2 billion to state GDP in 2021.
- This industry grew 5.2% in Indiana between 2020-2021, outpacing the overall state GDP growth.
- The motion picture and sound recording sector accounts for 1.2% of Indiana's total economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total economic output or value added by the motion picture and sound recording industries in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and competitiveness of Indiana's creative economy, which is an important driver of jobs and growth in the state.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using industry-level GDP accounts.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to understand the dynamics of Indiana's creative sector and inform economic development strategies.
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.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Motion Picture and Sound Recording Industries (512) in Indiana (INMOTPICSNDNGSP), retrieved from FRED.