Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Indiana
INOTHSERVERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,822.50
Year-over-Year Change
3.20%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) sector in the state of Indiana. It provides insight into the economic performance and growth of this important service industry.
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 real GDP of the other services (except government and government enterprises) sector in Indiana represents the inflation-adjusted value added by this industry to the state's overall economic output. It is a key indicator of the health and productivity of this service-based segment of the state economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Historical Context
This economic trend is used by policymakers, analysts, and businesses to understand the dynamics of Indiana's service-sector economy and inform economic and investment decisions.
Key Facts
- The other services sector accounts for over 10% of Indiana's GDP.
- This sector has experienced steady growth in recent years.
- Other services include personal, repair, and religious/grantmaking organizations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of the other services (except government and government enterprises) sector in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic performance and growth of an important service industry in Indiana, informing policymakers, analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national income and product accounting methods.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and businesses to understand the dynamics of Indiana's service-sector economy and inform economic and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the standard release schedule and potential revisions of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Indiana (INOTHSERVERGSP), retrieved from FRED.