Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Louisiana
LAAMUSERGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,244.60
Year-over-Year Change
0.02%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) of the amusement, gambling, and recreation industries in Louisiana. It provides insights into the economic activity and performance of this important 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 real GDP of the amusement, gambling, and recreation industries in Louisiana is a key indicator of the overall health and growth of this significant economic segment. It is used by policymakers, analysts, and businesses to understand trends and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is relevant for understanding the economic conditions and growth prospects of Louisiana's tourism and leisure industries.
Key Facts
- Louisiana's amusement, gambling, and recreation industries account for over 3% of the state's GDP.
- This sector has experienced steady growth over the past decade, outpacing overall state economic expansion.
- The COVID-19 pandemic had a significant impact on this industry, leading to a sharp decline in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real 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 economic performance and growth of Louisiana's tourism and leisure sectors, which are important contributors to 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.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and businesses to understand the conditions and growth prospects of Louisiana's amusement, gambling, and recreation industries, which can inform economic development strategies and investment decisions.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in Louisiana (LAAMUSERGSP), retrieved from FRED.