Real Gross Domestic Product: Private Industries in Indiana
INPIRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
387,039.60
Year-over-Year Change
6.59%
Date Range
1/1/2005 - 1/1/2025
Summary
The Real Gross Domestic Product (GDP) for Private Industries in Indiana measures the economic output of the private sector in the state. It is a key indicator of Indiana's economic health and performance.
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 metric tracks the real, inflation-adjusted GDP generated by Indiana's private industries, excluding the public sector. It provides insight into the state's economic growth and competitiveness relative to other states and the national trend.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP estimates.
Historical Context
Policymakers and business leaders use this trend to assess Indiana's economic conditions and make informed decisions.
Key Facts
- Indiana's private industries account for over 80% of the state's total GDP.
- The Real GDP for Private Industries in Indiana has grown by an average of 2.5% annually over the past decade.
- This metric is a reliable indicator of the state's economic performance and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted gross domestic product (GDP) generated by Indiana's private industries, excluding the public sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into Indiana's economic growth and competitiveness, which are crucial for policymakers, businesses, and investors in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using state-level GDP estimates.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders use this trend to assess Indiana's economic conditions and make informed decisions about investments, regulations, and other policy initiatives.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Private Industries in Indiana (INPIRQGSP), retrieved from FRED.