Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Louisiana
LAAMUSENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,671.00
Year-over-Year Change
54.48%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries in Louisiana. It provides insight into the performance and economic impact of this key sector.
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 GDP of the amusement, gambling, and recreation industries in Louisiana is an important indicator of the state's tourism and leisure economy. It tracks the total value of goods and services produced by this sector, which includes activities such as casinos, theme parks, and sports and recreation venues.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP reporting.
Historical Context
This trend is closely monitored by policymakers, businesses, and investors to assess Louisiana's economic conditions and growth potential.
Key Facts
- Louisiana's amusement, gambling, and recreation GDP was $5.2 billion in 2021.
- This sector accounts for over 3% of Louisiana's total economic output.
- The state's tourism industry supports over 230,000 jobs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross domestic product (GDP) of the amusement, gambling, and recreation industries in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the performance and economic importance of Louisiana's tourism and leisure sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive GDP reporting.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and investors closely monitor this trend to assess Louisiana's economic conditions and growth potential, particularly in the tourism and recreation industries.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis, with a lag of several months. There may be revisions to historical data as more information becomes available.
Related Trends
Earnings by Place of Work in Louisiana
LAEPLA
All Employees: Other Services in Louisiana
LASRVO
Exports of Goods: Non-Manufactured Commodities for Louisiana
EXPNONLA
Average Weekly Earnings of All Employees: Trade, Transportation, and Utilities in Louisiana
SMU22000004000000011A
Value of Exports to Portugal from Louisiana
LAPRTA052SCEN
All Employees: Repair and Maintenance in Louisiana
SMU22000008081100001A
Citation
U.S. Federal Reserve, Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Louisiana (LAAMUSENGSP), retrieved from FRED.