Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Louisiana
Quarterly, Seasonally Adjusted
LAARTENTRECQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.32
Year-over-Year Change
9.81%
Date Range
1/1/2005 - 1/1/2025
Summary
This series measures quarterly, seasonally adjusted gross state product (GSP) for the arts, entertainment, and recreation sector across the United States. It provides important insights into the economic performance and trends within this 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
Gross state product (GSP) is a measure of the total economic output within a given state or region. The arts, entertainment, and recreation sector encompasses businesses and activities related to arts, sports, leisure, and hospitality. Analyzing quarterly, seasonally adjusted GSP for this sector helps economists and policymakers understand the health and dynamics of this important industry.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and administrative records.
Historical Context
This economic trend is closely watched by businesses, investors, and policymakers to gauge the strength and direction of the arts, entertainment, and recreation industry.
Key Facts
- The arts, entertainment, and recreation sector accounts for over 2% of total U.S. GDP.
- This industry experienced a sharp decline during the COVID-19 pandemic but has since shown signs of recovery.
- Quarterly, seasonally adjusted GSP data helps identify seasonal patterns and economic cycles within the sector.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted gross state product (GSP) for the arts, entertainment, and recreation sector across the United States.
Q: Why is this trend relevant for users or analysts?
A: Analyzing this trend provides important insights into the economic performance and health of the arts, entertainment, and recreation industry, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of economic surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by businesses, investors, and policymakers to gauge the strength and direction of the arts, entertainment, and recreation industry, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to regular quarterly updates, but there may be occasional delays or revisions due to the complex nature of data collection and compilation.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LAARTENTRECQQGSP), retrieved from FRED.